Episode

No Peace, No War and No Flows with Aldo Spanjer

Podcast: The HC Commodities Podcast
Published: May 20, 2026
Duration seconds: 2836
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Canonical source: https://www.hcgroup.global/
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Summary

The conflict remains in suspended animation with little concrete progress to support the more optimistic assessments of a return to normality. Commodity markets are on a knife-edge and tanks and strategic supplies are emptying. Aldo Spanjer, Head of Commodity Strategy at BNP Paribas’ Markets 360 outlines the pathways from here. Will oil be at $70 or $200? Why does gas face larger risks in a prolonged disruption? And how to cut through the noise and focus on the signals??