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" ... As I’ve written previously Brent is not in danger of hitting negative prices because it is a seaborne crude, and can more easily be transported and stored in areas with high demand, unlike WTI. I predict that as the global economy starts showing signs of recovery in the fall, oil prices should get back to the high $20s or $30s. ... "
" ... As early as 2025 the combination of scrap and natural steel demand decline could see the seaborne iron ore market dealing with an annual 100m/t surplus. ... "
" ... In a comment on the outlook for coal, Whitehaven said China’s restrictions on Australian material had altered seaborne coal trade flows. ... "
" ... Morgan Stanley, an investment bank, estimates that the the seaborne traded iron ore market is currently in a deficit of 80 million tons a year and priced at $50/t above its normal level. ... "