Javier Blas
Chief Energy Correspondent at Bloomberg News
Energy and commodities columnist at Bloomberg. Co-author of the 'The World for Sale' https://t.co/GAcVleqiqp Any views expressed are my own. [email protected]
Articles
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1 week ago |
news.bloombergtax.com | Javier Blas
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1 week ago |
bloomberg.com | Javier Blas
Few noticed earlier this month, but there was a symbolic crack in the world’s geopolitical map. Everyone’s attention at that point was on the nuclear talks between Tehran and Washington. In the oil market, some looked at a major shift: For just a week in early June, the US didn’t import a single barrel of Saudi crude — a feat only seen once before in half a century. The timing couldn’t be more fortuitous.
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1 week ago |
newsday.com | Javier Blas
It’s easy to imagine an oil nightmare scenario: Fighting for survival, Ayatollah Ali Khamenei resorts to scorched earth, targeting the oil fields of its neighbors, much as Saddam Hussein of Iraq did in Kuwait in 1991. The impact on oil prices — and global inflation — would be brutal. Unlikely? Yes, but even if remote, it’s still possible. That’s why the U.S. built a weapon to respond to the use of oil as an economic weapon after the 1970s energy crisis: the Strategic Petroleum Reserve.
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1 week ago |
bloomberg.com | Javier Blas
Crude oil pipelines at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016. (Bloomberg Opinion) -- It’s easy to imagine an oil nightmare scenario: Fighting for survival, Ayatollah Ali Khamenei resorts to scorched earth, targeting the oil fields of its neighbors, much as Saddam Hussein of Iraq did in Kuwait in 1991. The impact on oil prices – and global inflation – would be brutal.Unlikely? Yes, but even if remote, it’s still possible.
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1 week ago |
phillytrib.com | Javier Blas
The oil market is pushing its luck. For two years, it’s weathered unthinkable events, including volleys of direct attacks and counterattacks between Israel and Iran. Yet not a single barrel of production has been lost. With hindsight, every oil-price rally has proven to be an opportunity to sell. It required nerves of steel, but shorting crude while bombs and the missiles were flying was the winning trade.
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CHART OF THE DAY: Every year, the seasonal peak in atmospheric CO2 concentration in the northern hemisphere is set in May. For the first time, that seasonal peak surpassed 430ppm at the Mauna Loa Observatory on Hawaii, which has tracked CO2 since 1958. https://t.co/7auzpw48Ce https://t.co/oeHzm1caV0
Good to see the @IEA flagging this. About time.
Rapid growth in electricity use is driving continued investment in coal, mainly in China & India In 2024, China started construction of nearly 100 GW of new coal-fired power plants, & global approvals for these plants hit their highest level since 2015: https://t.co/TIF4DbRgT0 https://t.co/Llxf3BAPSQ
RT @jfarchy: LME Intervenes to Make Mercuria Roll Huge Aluminum Position @mburtonmetals https://t.co/Fmxd0KAX8G
