Natasha Kaneva

In this conversation, Natasha Kaneva, Head of Global Oil and Commodities Research at J.P. Morgan, dives deep into the surprising resilience of oil prices amid Middle Eastern conflicts. She discusses geopolitical dynamics shaping these trends, particularly focusing on critical regions like the Strait of Hormuz. Natasha also forecasts supply-demand shifts post-ceasefire and examines the alarming state of the U.S. Strategic Petroleum Reserve. Lastly, she highlights how changing oil prices are affecting Asian economies, including currency dynamics and bond market resilience.

Natasha Kaneva, Head of Global Commodities Research at J.P. Morgan, shares her insights on how geopolitical tensions, particularly from the Ukraine conflict, are affecting global oil supply. She explains why oil demand remains robust despite fears of a slowdown and discusses the dynamics of metal demand among China, the US, and Europe. Natasha also analyzes how historical Fed rate cuts impact commodities and the reasons behind gold's rally during these cycles, revealing intriguing links between financial policies and commodity prices.

Natasha Kaneva, Head of Global Commodities Strategy, and Gregory Shearer, Head of Base and Precious Metals Strategy, discuss the bullish outlook for gold and silver in 2024, fueled by rate cuts and decreasing US 10-year real yields. They also explore the potential upside for silver prices and the relationship between precious metals and other commodity markets, emphasizing commodities as a preferred option for hedging inflation.