Julian Lee

London

Oil Strategist at Bloomberg News

Oil Strategist at Bloomberg News. Any views expressed are my own. [email protected]

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Articles

Iran Imagery Shows Race to Get Its Oil Out Into the World

1 week ago | bloomberg.com | Julian Lee |Krishna Karra

Satellite image of Kharg Island, Iran on June 11(Bloomberg) -- Iran is racing to get its oil out into the world, a sign of the unusual logistical steps that Tehran is undertaking as the US mulls joining Israel in bombing the Persian Gulf state. Oil is gushing out of the nation’s ports and onto ocean-tankers, ensuring revenues would continue — at least for a while — if shipments are disrupted.
What if Iran Tries to Close the Strait of Hormuz?

1 week ago | bloomberg.com | Julian Lee

A man watches ships in the port of Fujairah in the east of the United Arab Emirates. (Bloomberg) -- Israeli aerial bombardment has wiped out much of Iran’s ballistic missile capability and decapitated its military command, but Supreme Leader Ali Khamenei has refused to stop fighting, even promising “irreparable damage” to the US if it intervenes in the conflict in support of its staunch ally.
Iran’s Oil Exports Soar as Israel Attack Prompts Cargo Clearout

1 week ago | bloomberg.com | Julian Lee

Oil facilities on Kharg island, Iran. (Bloomberg) -- Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through June 12.
Russia's Faltering Oil Flows Crimp Gains From Rally in Prices

1 week ago | bloomberg.com | Julian Lee

Russian shipped 3.31 million barrels a day of crude in the four weeks to June 15, the lowest since April. (Bloomberg) -- Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as exports slid to a seven-week low. Seaborne crude shipments averaged 3.31 million barrels a day in the four weeks to June 15, a drop of 1% from the period to June 8.
Russia's Faltering Oil Flows Crimp Gains From Rally in Prices

1 week ago | flipboard.com | Julian Lee

1 hour agoSarah Stogner had never tried a criminal case before getting elected D.A. in an oil-rich area half the size of New Jersey. So far, it’s been a struggle. The pickings are slim in the wind-whipped West Texas oil towns of Monahans and Pecos when it comes to people who know their way around a …
What if Iran Tries to Close the Strait of Hormuz?

2 weeks ago | bloomberg.com | Julian Lee

Dhows, fishing boats and cargo ships are seen in the Strait of Hormuz. (Bloomberg) -- Israeli aerial bombardment has wiped out much of Iran’s ballistic missile capability and decapitated its military command, but Supreme Leader Ali Khamenei has refused to stop fighting, even promising “irreparable damage” to the US if it intervenes in the conflict in support of its staunch ally.
Kazakh Oil Exports to Hold Near Record Again in Fresh OPEC+ Test

2 weeks ago | financialpost.com | Sherry Su |Julian Lee

Article content(Bloomberg) — Kazakhstan’s crude oil exports are set to hold near record levels again next month, highlighting the ongoing challenge the central Asian country’s burgeoning supply is posing for OPEC+. Sign In or Create an AccountArticle contentTotal exports of CPC Blend from Russia’s Black Sea port of Novorossiysk are expected to be between 1.65 million and 1.75 million barrels a day in July, estimates from four traders involved in the shipments showed.
Kazakh Oil Exports to Hold Near Record Again in Fresh OPEC+ Test

2 weeks ago | bloomberg.com | Sherry Su |Julian Lee

Oil workers adjust flow valves on an oil pumping unit near Atyrau, Kazakhstan. (Bloomberg) -- Kazakhstan’s crude oil exports are set to hold near record levels again next month, highlighting the ongoing challenge the central Asian country’s burgeoning supply is posing for OPEC+. Total exports of CPC Blend from Russia’s Black Sea port of Novorossiysk are expected to be between 1.65 million and 1.75 million barrels a day in July, estimates from four traders involved in the shipments showed.
Russia’s Crude Shipments Rebound With a Rare Delivery to Japan

2 weeks ago | bloomberg.com | Julian Lee

Russia shipped 3.36 million barrels a day of crude in the four weeks to June 8 after a strong rebound in flows in the latest week. (Bloomberg) -- Russia’s crude shipments rose in the four weeks to June 8 after a strong rebound in weekly flows. A Japanese refiner took the first cargo delivered to the G-7 nation in more than two years, underlining a growing ease among buyers in resuming dealings with Moscow.
Russia’s Crude Shipments Rebound With a Rare Delivery to Japan

2 weeks ago | flipboard.com | Julian Lee

1 hour agoPerspective: The root of all evilThe saying goes that “money is the root of all evil.” Nah, it’s something far more elemental and insidious. Machismo—the desire to conform to and …1 hour agoFossil Fuel Billionaires Are Bankrolling the Anti-Trans MovementThis story is a collaboration between Atmos and HEATED, a newsletter devoted to climate accountability reporting and opinion. Subscribe here.

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