Tariff Talk: Venezuela’s Oil Deal and How Yen Carry-Trade Unwinding Could Reshape Commodity Demand

OPIS TALKS COAL, METALS & MINING:

In this edition of Tariff Talk, James Stevenson and Charles Dayton examine the market implications of a stronger yen and a potential unwinding of the carry trade, including what changing Japanese currency dynamics could mean for commodity demand. They also assess the US government-backed oil deal in Venezuela, question the scale and recoverability of the country’s stated reserves, and consider whether Venezuela could eventually add thermal coal and high-grade iron ore supply to global markets.

The conversation then turns to record diesel prices, the challenge of passing higher transport costs through to consumers, and the risks building across European gas and winter energy markets. Tune in for a focused outlook on the financial, geopolitical and operational forces shaping commodities in the months ahead.

Have questions or feedback? Please drop us a line at energy-marketing@opisnet.com.

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