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Commodity Price Index and Annual Growth Rate Trends (2000–2024)
The commodity price index declined by an average of 2.7% in 2024 compared to 2023 but recorded a slight increase of 0.7% in December 2024...
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Jan 61 min read
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Surging Fuel Imports Drive EU Imports from the U.S.
Following Russia's invasion of Ukraine, European sanctions on Russian energy commodities significantly increased EU imports of fuels and...
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Jan 41 min read
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Russia Overtakes Saudi Arabia as China’s Top Crude Supplier Since Mid-2023
In the first nine months of 2024, Russia exported 2.16 million barrels per day of crude oil to China, exceeding Saudi Arabia exports by...
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Jan 41 min read
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The Shale Revolution's Impact on the U.S. Economy
Shifting from a Deficit to a Surplus in Fuel Trade Balance Relative to GDP For decades, fossil fuels and products trade balance to GDP...
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Jan 41 min read
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Crude Oil Production Value as a Share of Global GDP (1973–2024)
In 2023, crude oil production value accounted for 2.3% of global GDP, with an estimated 2.2% in 2024, both below the long-term average of...
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Jan 41 min read
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The Shale Revolution's Impact on the U.S. Economy: Transforming Seven Decades of Energy Deficit into an Era of Energy Surplus Since 2019
After two decades of growth, U.S. energy imports declined by 37% from 2007 to 2023, while energy exports surged by 452%. As a result, the...
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Jan 41 min read
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Historical Trends of the Oil-to-Gold Price Ratio (1960–2024)
Oil's Relative Price to Gold at One of Its Historic Lows, 30% Below Pre-Bretton Woods Levels The oil-to-gold price ratio has experienced...
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Jan 41 min read
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Global Natural Gas Production (2023)
Natural Gas Production in Billion Cubic Feet per Day
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Jan 31 min read
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Comparing Crude Oil Production: U.S. States vs. Global Producers (2023)
Texas Produced 5.51 Million Barrels Per Day of Crude Oil in 2023, Surpassing All Countries Except Russia and Saudi Arabia
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Jan 31 min read
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Energy: The Main Driver of India's Trade Deficit
Fossil Fuels and Products Accounted for an Average of 64% of India’s Goods Trade Deficit Over the Last Ten Years.
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Jun 24, 20241 min read
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Global Commodity Returns Q1 2024
The global commodity market exhibited overall price stability in the year leading up to March 2024, although the first quarter of 2024...
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Apr 6, 20241 min read
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Commodity Bull and Bear Markets (2000–2024/03)
The commodity total price index climbed by 3.5% in the first quarter 2024 compared to December 2023, levels observed in March 2023.
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Apr 6, 20241 min read
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