John Licata, Chief Commodity Strategist for Blue Phoenix, discusses key points of the refinery space and the best ways to play the sector. Click here to access Blue Phoenix’s  exclusive video content for Reuters Insider.

Russia saying it will load fuel into Iran’s first nuclear power plant on August 21st has escalated our concerns that any new tensions between the Kremlin and the White House may cause Russia to consider exporting more of its uranium to China and India rather than the U.S. since they may be able to get more lucrative offers. The move by the Russians has also raised our eyebrows considering the U.S. had asked them to hold off starting the plant until Iran has stopped enriching uranium. This news, coupled with reasons we will outline below has us thinking the price of uranium is about to get “energized”. Read more. 

“BP PLC said Thursday it had finished pumping cement into its ruptured Macondo well in the Gulf of Mexico, one of the final steps in sealing it for good, and that it was now watching the well to gauge if the procedure was effective.

The end of the cementing operation marks a major breakthrough in the long battle against the oil spill that began in late April, when a rig leased by BP exploded and sank some 40 miles from the Louisiana shore, killing 11 people and unleashing nearly 5 million barrels of crude into the Gulf.” Read more.

I have been asked many times in recent months by various members of both the Wall Street community and beyond to share my viewpoints on the global commodity marketplace in a newsletter form. I heard your requests and am excited to introduce you to The Commodity Chronicles: The Blue Phoenix Energy and Metals Independent Research Newsletter.

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