SmarterMarkets™
Summer Playlist 2023 Episode 5 | Helima Croft, Managing Director & Global Head of Commodity Strategy, RBC Capital Markets
Aug 19, 2023
Helima Croft, Managing Director & Global Head of Commodity Strategy at RBC Capital Markets, discusses the geopolitics and current state of play in the global commodities markets. Topics include the consequences of the Russia war, the impact of the Russia-Ukraine conflict on commodity markets, China's oil imports, geopolitical concerns with Iran, and influences on the commodity markets such as OPEC and investment strategies. The podcast ends with a casual conversation about summer reading lists.
35:36
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The ongoing conflict between Russia and Ukraine has raised concerns about the future prospects of Russian energy production and the potential decline in oil output due to financing and equipment acquisition issues.
- The situation in the Black Sea region, with Russia's withdrawal from the grain deal and targeted attacks on Ukrainian agricultural and export infrastructure, has implications for commodity markets, particularly the wheat trade, and may lead to supply disruptions and increased volatility.
Deep dives
Geopolitics of the Russia-Ukraine conflict
The conflict between Russia and Ukraine has entered its second year and has had significant implications for commodity markets. Initially, there were expectations of a major disruption in Russian oil supply, which led to a rise in oil prices. However, the anticipated disruption did not fully materialize, and geopolitics started to fade as a market driver. Nevertheless, Russian oil supply has seen a decline since the start of the year, raising questions about the future prospects of Russian energy production. The impact of the war and subsequent sanctions could hamper financing and equipment acquisition, potentially leading to a continued decline in Russian oil output.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
