
Casey Sattler
Editorial Director at Energy Intelligence
@energyintel Editorial Director, W. Hemisphere. Head, Competitive Intelligence. Mom. Mountain Biker. Bassist @ The Dust Ups. Rice Grad. Standard disclaimers.
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The US-China 90-day tariff deal will see most Chinese tariffs on US goods fall to 10%, but oil, LNG are exceptions. Crude = 20% LNG = 25% Ethane, LPG = 11%. Crude, LNG likely remain out of the money. Ethane/LPG harder to replace, flows should continue. https://t.co/1O57cT675w

The big $BP earnings miss (and higher-than-expected debt, etc - ouch) has been thoroughly covered, so just a secondary anecdote -- all low-carbon energy metrics have been scrapped from the major's quarterly reporting. Nothing to see here means nothing to see here. https://t.co/uq96IMPecR

Amid all the $BP headlines, a subtle point speaks vols: it not only plans to produce ~1mn boe/d more in 2030 than its original transition plan, it has a new target for 100% reserve replacement by 2027. The U-turn is not just short-term growth. It’s restocking for post-2030.