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The HC Commodities Podcast

Paul Chapman, HC Group
Energy Transition
China
Commodity Trading
Renewable Energy
Natural Gas
Russia
Commodities Sector
Commodities
Oil
Energy Security
Critical Minerals
Electric Vehicles
Iran
Climate Change
Tariffs
Geopolitics
United States
Data Centers
LNG
Artificial Intelligence

Each day, around the world, we have fascinating one-on-one conversations with our connections in the commodities sector. Our collaborators are uniquely informed, creative and inspirational in their fields. We want to provide our community a seat alongside us, listening in to these conversations in that special way podcasting provides as we tackle topical and people related issues with the leaders ... more

PublishesTwice weeklyEpisodes348Founded6 years ago
Number of ListenersCategories
ManagementBusinessInvesting

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Artwork for The HC Commodities Podcast

Latest Episodes

US Natural Gas is expected to do some heavy lifting in 2026 and beyond. Powering the huge growth in domestic data centers, filling European storage and bridging the gap presented by the closure of the Strait of Hormuz and the damage wreaked on Qatar ... more

The sector  American renewables has undergone policy uncertainty, even whiplash. Challenging a sector already impacted by rising interest rates and infrastructure back-logs. Despite that, the renewable sector matches Europe in scale and continued to ... more

YouTube

Ultimately, the US faces a stark binary choice: defeat Iran or retreat. Both carry profound implications for the post-war Bretton Woods order that has shaped modern economies and the commodity flows that sustain them. Indeed, it is precisely those co... more

YouTube

Sand has transformed modern civilization. It is the ubiquitous commodity; in our infrastructure, in our industry and even in our personal care products.  Yet due to its characteristics, the supply chain is fragmented, disastrous for our environment a... more

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Recent Guests

Jeff Currie
Founder of the 1947 Oil and Gas Company; senior advisor to Carlisle and board member of ABACS and Boer Drilling
1947 Oil and Gas Company; Carlisle ABACS Boer Drilling
Episode: Trapped in Hormuz: Total War or a New World Disorder? with Jeff Currie
Vince Beiser
Award-winning journalist and author of The World in a Grain
Author, The World in a Grain
Episode: Sand: The most important commodity in the modern world with Vince Beiser (Summer Repeat)
Michael Ferrari
Founder/lead of the research platform at Moby
Moby
Episode: The Coming El Niño with Michael Ferrari
Chris Miller
Associate Professor of International History, Fletcher School of Law and Diplomacy, Tufts University; author of Chip War
Tufts University; author of Chip War
Episode: Chip War: how semiconductors became the new oil with Chris Miller (summer repeat)
Edward Chancellor
Author of The Price of Time; British financial historian
Author, The Price of Time
Episode: The Price of Money with Edward Chancellor (Summer Repeat)
Edl Schamiloglu
Distinguished Professor, Electrical and Computer Engineering; Chair of IEC SC77C
University of New Mexico (Electrical and Computer Engineering)
Episode: Solar Flares and Coronal Mass Ejections with Edl Schamiloglu (Summer Repeat)
Eric Jay Dolin
Author and historian focusing on maritime history of North America
Author of Leviathan: The History of Whaling in America
Episode: Whale Oil with Eric Jay Dolin (Summer Repeat)
Nicky Shiels
Head of Research and Strategy for MKS Pamp
MKS Pamp
Episode: De-Dollarization, Debasement & Diversification: Precious Metals with Nicky Shiels
Eugene McGrane
Executive Managing Director, Cushman Wakefield
Cushman Wakefield
Episode: Data Centers aren't the bubble with Eugene McGrane

Host

Paul Chapman
Host of The HC Commodities Podcast; leads conversations with leaders in commodities, energy, and macro topics.

Reviews

4.9 out of 5 stars from 760 ratings
  • great commodities podcast!

    This podcast gives great insight into the inner workings of trading and the different commodities involved. Each episodes theme is interesting, informative and entertaining, and Paul gets some great speakers on. I have thoroughly enjoyed and learnt something new from each episode.

    Apple Podcasts
    5
    Caitp6
    United Kingdom4 months ago
  • My go-to commodities podcast

    Love the great commodities content as a former trader. New episodes go top of my playlist.

    Apple Podcasts
    5
    Commods enthusiast
    United Kingdom4 months ago
  • Soya beans as a weapon

    Wow - this is really informative. The episode on Soya beans is a tour de force, one of Paul’s best yet!

    Apple Podcasts
    5
    timoshea63
    United Kingdom7 months ago
  • The most interesting intersection in the world

    Paul and the HC Group do an incredible job, not just for insiders with decades in the field but for anyone adjacent that wants a better understanding the diversity of guests, from legends like Daniel Yergin and Mark Crandall to other major players like Adam Mirick and Mike Howard gives a wide breadth of experience and information on the worlds most important industries.

    Apple Podcasts
    5
    Eugene McGrane
    United States7 months ago
  • Fascinating

    The Crandall interview was excellent! Brought back memories of the 90’s in Colombia when Xtrata and Glencore entered the coal market with such (perceived) reckless abandon! And kudos to Mr. Crandall for his candor and willingness to share intimate details of the Marc Rich origin story. Nicely done Paul!

    Apple Podcasts
    5
    El Gringucho
    United States9 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The podcast is considered a must-listen for insiders and adjacent professionals alike.
Listeners value the breadth of topics from oil to data centers and macro trends.
High-quality guests and strong interview preparation are frequently highlighted.
Listeners praise the mix of actionable market insights and broad context.
Audience notes the host's ability to distill complex topics into understandable concepts.
The show is regarded as a top resource for commodity and energy markets.
The host brings depth and accessibility, with speakers who are leaders in their field.
Episodes are described as insightful and informative, with practical market takeaways.
Content is seen as a valuable resource for professionals and newcomers alike.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Chip War: how semiconductors became the new oil with Chris Miller (summer repeat)
Q: Can you just get us all on the same page as to what we mean by a semiconductor, a chip?
A semiconductor, chip, and integrated circuit refer to the same small silicon piece with millions or billions of transistors that switch on and off to process data, turning information into binary that underpins digital computing.
Whale Oil with Eric Jay Dolin (Summer Repeat)
Q: Can you give us a sense of the economics and scale of the American whaling industry in the 1850s?
The industry boasted around 900 whale ships globally, with about 760 American, led by New Bedford; voyages lasted roughly four years on average, with long lays for higher profits and a clear hierarchy in pay that incentivized risk-taking for the upper ranks.
De-Dollarization, Debasement & Diversification: Precious Metals with Nicky Shiels
Q: And was the US-Iran war just a setback to those prices or the end of a bull market?
The guest notes the war acted as a counterpoint that monetized certain price levels and amplified liquidity effects, but the broader narrative remains that gold is functioning as a hedge and liquidity asset in times of geopolitical stress, with both upswings and pullbacks tied to risk sentiment and central-bank actions.
De-Dollarization, Debasement & Diversification: Precious Metals with Nicky Shiels
Q: Today, we're talking gold, silver, and the platinum group metals. What drove the huge run up in prices for all of them in 2025 and into 2026?
The discussion centers on three interacting trends—de-dollarization, a debasement/dollar-denominated asset environment, and a diversification motive. These forces act as structural drivers, with central bank buying and inflation dynamics helping push gold and silver higher, while PGMs benefit from industrial demand and strategic stockpiling amid de-globalization pressures.
Why is oil so cheap? With David Wech
Q: Can you quantify how much of the 6 million barrels per day increase in US and regional exports is due to SPR releases, and how long that can continue?
Approximately 1 million barrels per day of the increase can be attributed to SPR releases; the SPR could be drawn down for several months to about half a year depending on political decisions and strategic considerations.

Audience Metrics

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Frequently Asked Questions About The HC Commodities Podcast

What is The HC Commodities Podcast about and what kind of topics does it cover?

The HC Commodities Podcast delivers in-depth, one-on-one conversations with leaders and thinkers in the energy, commodities, and broader macro landscape. Episodes frequently center on price cycles, geopolitical risk, policy shifts, and the evolution of markets for oil, gas, metals, and renewables, often weaving in data, technology, and infrastructure themes like data centers, AI, and capital expenditure. Guests range from historians and academics to fund managers, industry analysts, and executives, providing both historical context and forward-looking analysis. The show's strength lies in translating complex, cross-market dynamics into accessible takeaways while maintaining a practical edge for professionals navigating trading, investment, ... more

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Which podcasts are similar to The HC Commodities Podcast?

These podcasts share a similar audience with The HC Commodities Podcast:

1. Odd Lots
2. Monetary Matters with Jack Farley
3. Macro Voices
4. Alpha Exchange
5. Forward Guidance

How many episodes of The HC Commodities Podcast are there?

The HC Commodities Podcast launched 6 years ago and published 348 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The HC Commodities Podcast?

Recent guests on The HC Commodities Podcast include:

1. Jeff Currie
2. Vince Beiser
3. Michael Ferrari
4. Chris Miller
5. Edward Chancellor
6. Edl Schamiloglu
7. Eric Jay Dolin
8. Nicky Shiels

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