Yongchang Chin
Asia Oil Trading Reporter at Bloomberg News
Covering crude oil markets for Bloomberg @business news • Energy, commodities, and other bits too • Tweets and opinions are mine, not my employer's
Articles
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4 days ago |
rigzone.com | Yongchang Chin
Goldman Sachs Group Inc. flagged the possibility of higher oil and gas prices after the US struck Iran, even as the bank’s base-case outlook hinges on major disruptions to supplies from the region. If oil flows through the Strait of Hormuz were to drop by half for a month, and remained 10% lower for another 11, Brent would spike briefly to as much as $110 a barrel, analysts including Daan Struyven said in a note. Should Iranian supply fall by 1.75 million barrels a day, Brent would peak at $90.
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5 days ago |
bloomberg.com | Yongchang Chin
The global oil market is trying to figure out the likely trajectory for energy prices as the crisis in the Middle East escalates. Photographer: Issouf Sanogo/AFP/Getty Images(Bloomberg) -- Goldman Sachs Group Inc. flagged the possibility of higher oil and gas prices after the US struck Iran, even as the bank’s base-case outlook hinges on major disruptions to supplies from the region.
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5 days ago |
bloomberglinea.com.br | Alex Longley |Yongchang Chin |Atta Kenare
Bloomberg — O mercado de petróleo vem se debatendo há dias sobre a próxima ação de Donald Trump em um conflito crescente no Oriente Médio. Agora que jatos americanos atingiram na noite de sábado (21) para domingo (22) as três principais instalações nucleares do Irã, o movimento deixa investidores à espera de um aumento de preços - mas ainda em busca de adivinhar qual será o rumo da crise a partir de agora.
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6 days ago |
bloomberglinea.com | Alex Longley |Yongchang Chin |Justin Hamel
Bloomberg — El mercado del petróleo lleva días lidiando con el próximo acto de Donald Trump en una escalada del conflicto en Medio Oriente. Ahora, aviones estadounidenses han atacado los tres principales emplazamientos nucleares de Irán, un movimiento que deja a los operadores preparándose para una subida de los precios, pero aún adivinando hacia dónde va la crisis a partir de ahora.
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6 days ago |
yahoo.com | Alex Longley |Yongchang Chin
(Bloomberg) -- The oil market has been wrestling for days with Donald Trump’s next act in an escalating Middle East conflict. Now American jets have struck Iran’s three main nuclear sites, a move that leaves traders preparing for a price surge — but still guessing where the crisis goes from here. Most Read from BloombergAdvertisementAdvertisementIn a wild week, Brent futures have jumped 11% since Israel attacked its nemesis, but with sharp moves up and down from one day to the next.
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The oil market is racing toward a reckoning as a Saudi-led output surge only adds to expectations of a market that will be in surplus later this year. The crucial question is: when? https://t.co/GWvEjLr7Qj
The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that shift has yet to translate into big gains in actual output, according to Morgan Stanley https://t.co/5bdJ7xWW8I
Saudi Aramco cut the price of its main oil grade to buyers in Asia -- by a smaller-than-expected amount -- after OPEC+ continued with its outsized output increases for a third month https://t.co/63KGy5j6a8