How Russian Oil Is Making Its Way From Europe To Asia

How Russian Oil Is Making Its Way From Europe To Asia

Russia has been ramping up oil exports to Asia since its invasion of Ukraine led to Western sanctions on imports of Russian oil. Some of the crude and products going to Asia are being transferred from one vessel to another in international waters around Europe, including outside UK territorial waters. Off the coast of Suffolk … Read more

Europe Does A Complete U-Turn On African Oil And Gas

Europe Does A Complete U-Turn On African Oil And Gas

European governments are scouring the world for natural gas as they seek to reduce their overwhelming and increasingly uncomfortable dependence on Russia’s Gazprom. Besides the United States, which has done its best to supply as much LNG as possible to its European allies, several African countries have emerged as potential sources of additional gas supplies. … Read more

Oil Markets Torn Between Recession Fears And Physical Tightness

Oil Markets Torn Between Recession Fears And Physical Tightness

Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, outlines the bullish case for oil, gas, and coal. If you’re an investor in the energy space then now is the … Read more

Russian Fuel Oil Is Too Cheap For Saudi Arabia To Resist

Russian Fuel Oil Is Too Cheap For Saudi Arabia To Resist

Russian fuel oil exports to Saudi Arabia rose almost twofold during the second quarter as the Saudis sought to free up more local crude for export while using the discount imports for power generation. According to Reuters data, Saudi Arabia imported some 647,000 tons of Russian fuel oil between April and June, compared with 320,000 … Read more

Elon Musk Sends a Message to a Bereaved Japan

Elon Musk Sends a Message to a Bereaved Japan

Elon Musk has succeeded in recent months to extend his growing influence beyond Silicon Valley and Wall Street. Tesla’s (TSLA) – Get Tesla Inc. Report billionaire CEO and his 100.6 million Twitter followers have become one of the most influential voices in the world. This power Musk uses to shine the spotlight on the problems … Read more

Is Saudi Arabia Exaggerating Its Oil Production Potential?

Is Saudi Arabia Exaggerating Its Oil Production Potential?

For many years now, Saudi Arabia has been wildly exaggerating every metric connected to its oil business, from how much crude it can produce to its level of reserves and everything in between, as analyzed in depth in my first book on the oil sector in 2015 and the latest one in 2021. Why does … Read more

Saudis Unwilling To Upset Putin As Biden Begs For More Crude

Saudis Unwilling To Upset Putin As Biden Begs For More Crude

The world’s largest crude oil exporter, Saudi Arabia, continues to keep close ties with Russia while the top oil consumer, the United States, pleads with major producers—including the Kingdom—to boost supply to the market and help ease consumers’ pain at the pump. While the US and its Western allies are sanctioning Moscow and banning oil … Read more

China’s Geopolitical Pivot Could Have Huge Ramifications For Oil

China’s Geopolitical Pivot Could Have Huge Ramifications For Oil

China stated two weeks before Russia invaded Ukraine that “there is ‘no limit’ to how far Russian and Chinese friendship may go” and signed a swathe of huge oil and gas deals shortly thereafter that provided an additional layer of insulation to both countries from any US sanctions in the future. Only a day after … Read more

How Close Are We To Peak Oil Demand?

How Close Are We To Peak Oil Demand?

Two years ago, British oil and gas supermajor BP Plc. (NYSE:BP) sent shockwaves through the energy markets after it declared that the world was already past Peak Oil demand. In the company’s 2020 Energy Outlookchief executive Bernard Looney pledged that BP would increase its renewables spending twentyfold to $5 trillion a year by 2030 and … Read more

Germany Courts India On Energy While New Delhi Deals With Russia

Germany Courts India On Energy While New Delhi Deals With Russia

While Germany inks a $10-billion-plus energy deal with India, India is negotiating another crude oil deal with Russia. As energy alliances shift as a result of Russia’s war on Ukraine, India is cutting deals on both sides of the divide. On Monday, Germany and India signed $10.5 trillion in bilateral agreements to boost green energy, … Read more