Energy markets, commodities, and global resource analysis by Javier Blas
Javier Blas: Kazakh oil export disruption drove $100 crude surge last week
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, points to the recent disruption in Kazakh oil exports as a key factor behind last week's surge in crude prices to ...
Brent crude hits $100 due to multiple supply disruptions, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Brent crude oil has reached $100 a barrel for the first time in two months. The price surge is ...
Javier Blas: Chinese oil imports fall below June average early July
Javier Blas, energy and commodities columnist at Bloomberg, reports that Chinese refiners and traders—both private and state-owned—offered Middle Eastern oil barrels for resale after recent ...
Mexico executes large oil hedge program each year, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Mexico traditionally hedges a significant portion of its oil exports annually, mostly during July, ...
Javier Blas: Global oil stocks rise in June on higher oil at sea
Javier Blas, energy and commodities columnist at Bloomberg, reports that global oil stocks saw an increase in June, driven entirely by higher volumes of oil on water according to International ...
IMF revises global GDP growth outlook to 3.0% this year, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that the International Monetary Fund has left its forecast for economic activity almost unchanged compared ...
Javier Blas: Saudi Arabia cuts Arab Light price to Asia by $1.5 per barrel
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Saudi Arabia has reduced the official selling price of its flagship Arab Light crude, setting the ...
Oil supply wave to hit market, Javier Blas warns
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, highlights a shift in JPMorgan's oil market outlook. According to Blas, JPMorgan, previously favored by oil bulls ...
Javier Blas: Danish authorities drop high profile market manipulation case from 2023
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Danish authorities have dropped a high profile case against a group of energy traders accused of market ...
Unipec sells North Sea crude at largest discount in six years, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Chinese state-owned oil trader Unipec has offered a key North Sea crude oil at its widest discount to ...
Javier Blas: Brent crude falls below $75 a barrel for first time since U.S.-Iran war began
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Brent crude has fallen below $75 a barrel for the first time since the start of the U.S.-Iran war. The ...
Lower Chinese oil imports limiting price surge, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that reduced Chinese oil imports are a key reason oil prices have not risen sharply. Blas cites comments ...
Javier Blas: U.S. gasoline retail price falls below $4 for first time since March
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that the average retail price for U.S. gasoline has fallen below $4 per gallon for the first time since late ...
Iran could earn $60-$70 billion a year from oil exports, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, estimates that if Iran returns to exporting oil at pre-war levels, it could generate $60-$70 billion annually from ...
Javier Blas: Murban crude from UAE shifts to contango as time spreads collapse
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, highlights significant changes in the Middle Eastern crude oil market. The time spreads for several key crude grades ...
Oil stays under $100 due to several key factors, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, outlines the main reasons oil prices are trading below $100 per barrel. Among the top factors, Blas cites the ...
Javier Blas: CME to launch 24/7 trading for smaller crude oil contract
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that CME has announced plans to begin 24/7 trading for a new smaller-sized crude oil contract. The new ...
Arabica coffee hits 2-year low as Brazil harvest expected, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, highlights a notable decline in the price of Arabica coffee. The price has dropped to a 2-year low amid expectations ...
Javier Blas: China oil imports fall 38 percent in May from 2025 average
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that China's oil imports dropped sharply to around 6.6 million barrels per day in May. This figure ...
Russia exports most crude since 2022 after refinery strikes, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Russia is exporting the highest volume of crude oil since its invasion of Ukraine in 2022. Blas ...
Javier Blas: Time-spreads sell-off drives backwardation to lowest since Mar. 3
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that the time-spreads sell-off has persisted today, pushing nearby backwardation (2nd to 3rd month) to its ...
