Energy markets, commodities, and global resource analysis by Javier Blas
Middle East oil flows unchanged despite tanker attacks, Javier Blas notes
Preliminary data shows that crude oil flows from the Middle East, excluding Iran, have remained steady in early November despite ongoing Iranian attacks against oil tankers. Javier Blas, an ...
Javier Blas: Spanish olive oil prices hit 5½-year low as stockpiling mandated
Wholesale Spanish olive oil prices have fallen to a 5½-year low, with Spain—the world's leading producer—ordering compulsory stockpiling of approximately 12% of the new crop harvested from ...
U.S. wholesale gasoline dips to lowest level since March, Javier Blas notes
U.S. wholesale gasoline prices have dropped to a seven-month low below 275 cents per gallon. Javier Blas, an energy and commodities columnist, highlighted that if the decline continues, American ...
Javier Blas: Persian Gulf crude oil flows via Strait of Hormuz and bypass routes tracked for October
Crude oil flows from the Persian Gulf, excluding Iran, through the Strait of Hormuz and all bypass routes were tracked for the full month of October, according to data from Vortexa. Javier Blas, ...
U.S. natural gas consumers dodge economic impact from Iran conflict, U.S. President Donald Trump says
U.S. President Donald Trump described the country's financial gains from the shale revolution, stating, “I do not give a damn, I am going to say it: We are making a freaking fortune.” Javier ...
Javier Blas: Middle Eastern crude oil exports on track to exceed September levels in October
Middle Eastern crude oil exports, excluding Iran, are likely to be higher in October than in September, according to data covering October 1–26. The monthly average for October is approaching ...
U.S. contracts out 40.6 million barrels of crude oil from strategic reserve, Javier Blas notes
The U.S. government has awarded contracts for 40.6 million barrels of crude oil as part of an exchange from the Strategic Petroleum Reserve, split into two tranches. Javier Blas, an energy and ...
Javier Blas: Canadian oil benchmark trades at widest discount to WTI in about 8 years
The Canadian oil benchmark is trading at the widest discount to West Texas Intermediate (WTI) in approximately eight years, with a spread of minus $31 a barrel, according to data from General ...
Oil tanker hired by Sinokor Group at high rate, messages indicate
WhatsApp messages from Sinokor Group reveal that one of its oil tankers has recently been chartered at a new sky-high rate. Javier Blas, energy and commodities columnist and journalist at ...
Javier Blas: U.S. military updates Strait of Hormuz oil flows to $1.5 billion since summer
The U.S. military has updated its figures for oil flows through the Strait of Hormuz to approximately $1.5 billion since the summer, indicating a rate of over 14.5 million barrels per day in ...
Metals traders report record profits for second year, Javier Blas notes
Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses achieving record profits. Javier Blas, energy and commodities ...
Javier Blas: Freight costs disrupt oil market, location drives Canadian crude pricing
High freight costs are fragmenting the physical oil market, causing oil prices to vary significantly depending on location. In a tweet, Javier Blas, an energy and commodities columnist at ...
U.S. refineries delay seasonal maintenance due to high margins and Trump pressure, Javier Blas notes
The U.S. refining industry is operating at its highest level for October in at least 25 years, significantly above what is typical for this time of year. Javier Blas, an energy and commodities ...
Javier Blas: LNG prices hit 4-year high above $30 per mBtu
LNG prices have reached a four-year high, exceeding $30 per million British thermal units (mBtu), while U.S. and Canadian natural gas prices remain at around $3 per mBtu. Javier Blas, an energy ...
WTI refining margins fall sharply to $55 a barrel, Javier Blas notes
WTI simple refining margins, measured by the 3-2-1 WTI crack spread, declined sharply and reached about $55 a barrel this morning, their lowest level in three and a half months. The margin was ...
Javier Blas: Dated Brent benchmark drops about $10 and North Sea physical premia sees major single-day fall
The Dated Brent oil benchmark fell by about $10 a barrel in a single day, accompanied by one of the largest one-day drops ever recorded in North Sea physical oil price premiums. Javier Blas, ...
Middle East oil flows show resilience despite Iranian attacks, Javier Blas notes
Middle Eastern crude oil flows, excluding Iran, have remained resilient despite a wave of Iranian attacks since the beginning of October. The flows have become more uneven, with days of multiple ...
Javier Blas: Global crude oil in transit nears record as Iranian barrels are absent
Global crude oil in transit has reached a level just below its all-time high, based on data from Vortexa. This latest wave of crude oil shipments does not include any barrels from Iran. Javier ...
Steady global growth continues, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, points out that despite volatility in the oil market, global economic growth has largely remained stable since the ...
Javier Blas: Oil freight rates climb as crude market faces benchmark shifts
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that oil freight rates continued to rise today. The rally, which began in early September, is disrupting the ...
BP CEO admits stewardship concerns, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, shares BP CEO Meg ONeill's candid admission that the company has not managed shareholder capital carefully. This ...
