The Commodity Compass

The Commodity Compass

Home
China
Gold
Gas
Oil
Copper
Power
Single Names
Twitter (X)
Website
Archive
About
Episode 4: The Emperor Has No Clothes — A 65-Year Audit of OPEC
Why the UAE walked out, and why oil markets will barely notice
May 25 • Alexander Stahel

Recent posts

View all
Episode 3: The Fog of Peace
Is the Strait of Hormuz open, or is it not?
Apr 17 • Alexander Stahel
Episode 2: Crude Quality Matters
Without a Fully Reopened Strait, Asia Lacks the Crude Needed for Distillates
Apr 14
Episode 1: The Persian Trap
Retaking the Strait of Hormuz Will Prove Difficult
Apr 12
A Crude Awakening: Executive Summary
Why re-opening the Strait is unavoidable and will take time. A multi-episode deep dive into oil balances, crude quality, vessel traffic, demand…
Apr 7
EU Natural Gas Deep Dive: Cheap Gas, Fragile System
Europe’s Post-Gazprom Energy Regime Needs Further Repair
Feb 15 • Alexander Stahel
G Mining Ventures: A Mine Building Giant Dressed as a Junior Gold Developer
Why G Mining Venture may be the rare miner with a lasting moat..!
Jan 27
Maduro is Gone. Is that Good News? Not if you are long oil.
It's path dependent, but it should become a blessing for peace and humanity
Jan 3
The Commodity Compass
The Commodity Compass
Independent in-depth research, unearthing commodity truths. Value-based fundamental investment approach. Sticking strictly to our circle of competence. Obsessed with data and company fundamentals.
Recommendations
View all 14
Thematic Markets
Thematic Markets
Marvin Barth
Citrini Research
Citrini Research
Citrini
Kaoboy Musings
Kaoboy Musings
Michael Kao
Maverick Equity Research
Maverick Equity Research
Maverick Equity Research
Decouple
Decouple
Chris Keefer
© 2026 Alexander Stahel · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture