Three surprises that could inflame commodity markets in 2024
What it would take for another bout of mayhem
As Russia continues to pound Kyiv, Western sanctions are beginning to cripple Arctic LNG 2, the aggressor’s largest gas-export project. In the Red Sea, through which 10% of the world’s seaborne oil travels, American forces are doing their best to repel drone attacks by Yemen’s Houthi rebels. On January 3rd local protests shut down production at a crucial Libyan oilfield. A severe drought in the Amazon risks hampering maize shipments from Brazil, the world’s largest exporter of the grain.
This article appeared in the Finance & economics section of the print edition under the headline “Guns and hoses”
From the January 6th 2024 edition
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