Bloomberg

Oil & Gas

Satellites are reshaping how traders track earthly commodities

A lump of coal is scooped onto a truck bed in Australia, driven to a port, loaded on a ship, piloted across the ocean to a dock in China, piled into a train car and delivered to power plant. And it would all happen under the watchful eyes of coal traders, if a fleet of new satellite tracking firms can deliver on ambitious promises.

Video

VIDEO: 4 charts to know – oil off the post-OPEC boil

Crude slid the most in two months after U.S. gas data revealed supply that beat all estimates. Meanwhile, iron ore and copper are in focus in part due to changing Chinese demand. Bloomberg's Ramy Inocencio explains with his Bloomberg terminal charts you need to know on "Bloomberg: Daybreak Asia."