Energy Policy and Commodity Markets by Alexander Stahel
Alexander Stahel is founder of Burggraben Holding AG, a Swiss asset management firm with a focus on structural commodity plays and energy geopolitics. Since 2020, his Substack newsletter The Commodity Compass has grown to over 2,800 paid subscribers, offering in-depth analysis on energy pricing, natural resource cycles, and currency devaluation narratives.
Stahel’s thesis on digital commodities includes tokenized oil certificates and blockchain-integrated mining supply chains, featured in Bloomberg and Reuters energy outlook briefings. In Q1 2025, Stahel presented at the London Tokenized Markets Forum, advocating for programmable settlement in cross-border LNG trade using Hedera and Avalanche-based contracts.
Stahel leverages traditional hard asset insights to shape understanding of digital scarcity, token inflation risks, and inflation-hedged digital instruments.
FX weakness drives gold market inflection, Alexander Stahel notes
Alexander Stahel, founder / CIO at Commodity Private Equity Fund, draws attention to ongoing weakness in the Indian rupee and Turkish lira, suggesting they are approaching a bottom. Stahel notes ...
Alexander Stahel: Partners Group to cap withdrawals at U.S. private equity fund
Alexander Stahel, founder / CIO at Commodity Private Equity Fund, draws attention to challenges facing Partners Group in the private equity sector. He highlights that Partners Group is preparing ...
OPEC has seen 2-4x higher volatility than its predecessor, Alexander Stahel notes
Alexander Stahel, founder / CIO at Commodity Private Equity Fund, points out that the United Arab Emirates has walked out of OPEC, but expects markets will barely notice. Stahel references a ...
Alexander Stahel: Gold and oil show negative correlation as Asia drives gold demand
Alexander Stahel, founder / CIO at Commodity Private Equity Fund, observes that since the start of the war, gold and oil prices have been negatively correlated. Stahel notes that when oil prices ...
SpaceX eyes Mars colony with ambitious corporate regime, Alexander Stahel notes
Alexander Stahel, founder / CIO at Commodity Private Equity Fund, highlights SpaceX's proposal for one of the most aggressive corporate governance structures in U.S. history. The plan seeks to ...
Alexander Stahel: China reduces crude oil imports by 6mbpd in May
Alexander Stahel, founder and CIO at Commodity Private Equity Fund, observes that China has significantly scaled back its crude oil imports in May, with reductions across various sources such as ...
U.S. retail gas prices rise to $4.54 a gallon, Alexander Stahel notes
Alexander Stahel, founder and CIO at Commodity Private Equity Fund, reports that the average retail price for regular gasoline in the U.S. has increased to $4.54 per gallon. Stahel highlights ...
Alexander Stahel: Bank risk exposures reach unprecedented scale
Alexander Stahel, founder and CIO at Commodity Private Equity Fund, draws attention to the extraordinary size of current risk exposures facing banks. Stahel highlights comments from Matthew ...
Brent price needs further demand destruction, Alexander Stahel notes
Alexander Stahel, founder and CIO at Commodity Private Equity Fund, observes that Brent crude oil prices are appearing more stable. Stahel suggests that unless the situation in Hormuz changes ...
Alexander Stahel: Gold and miners enter consolidation after bull run from Q1 2024 to March 2026
Alexander Stahel, Founder / CIO at Commodity Private Equity Fund, shared that his long position in gold and mining stocks began in the first quarter of 2024 and lasted until the first week of ...
Borrowing commodity supply cannot continue indefinitely, Alexander Stahel warns
Alexander Stahel, Founder / CIO at Commodity Private Equity Fund, highlights concerns about the ongoing reliance on borrowed commodity supply. Stahel references commentary by Russell Hardy, CEO ...
Alexander Stahel: Gold miners poised for consolidation following strong two year rally
Alexander Stahel observes that gold mining companies appear exhausted after a significant two year run in performance. He suggests that the sector is likely to experience a consolidation phase for ...
Citadel leads peers in oil market technology, Alexander Stahel notes
Citadel is regarded as a technology leader among oil market participants, according to Alexander Stahel. He referenced positive feedback about Sebastian Barrack at Citadel and noted the firm's ...
Alexander Stahel: Market appears complacent despite Strait transit risks
Alexander Stahel commented on market sentiment, suggesting that while there may be investment opportunities in certain areas, investors should not assume a swift and favorable outcome to the ...
Spot jet fuel in Singapore reaches $230 per barrel, Alexander Stahel notes
Spot jet fuel prices in Singapore have surged to $230 per barrel, reaching new highs in the market. Alexander Stahel highlighted this recent price development in a social media ...
Alexander Stahel: Gulf oil exports face storage and supply headwinds
Alexander Stahel questions current oil production and export levels from major Gulf producers. He points out that Iraq may not be reaching 1.5 million barrels per day given apparent storage ...
Gas-to-coal switching across OECD economies boosts Australian coal miners, Alexander Stahel notes
Australian coal miners are poised to see some upside as increased gas-to-coal switching takes hold across OECD economies amid the current conflict. Alexander Stahel highlights that this serves as ...
Alexander Stahel: Market remains unaware of major risks in oil
Alexander Stahel draws attention to insights by another expert and stresses that much of the broader market remains unaware of significant risks currently forming in oil. Stahel points out that ...
Markets may underestimate abrupt repricing risk, Alexander Stahel warns
Alexander Stahel notes that wars do not begin or end instantaneously, likening the situation to flipping a light switch. He adds that while a prominent U.S. political figure may now recognize a ...
Alexander Stahel: Iraq oil output drops to 1.7–1.8 million barrels daily
Iraq is currently producing 1.7 to 1.8 million barrels of oil per day, a significant decrease from the pre-conflict level of about 4.3 million barrels a day. Alexander Stahel highlighted the ...
Murban crude premium jumps from $7.4 to $23, Alexander Stahel notes
The price premium for Murban crude loaded at Fujairah, a port outside the Arabian Gulf, has experienced a dramatic increase. Alexander Stahel reports that the Murban crude now trades at a $23 ...
