Energy markets, commodities, and global resource analysis by Javier Blas
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 ...
Iran signals oil market lower as White House talks it higher, Javier Blas notes
Javier Blas, energy and commodities columnist at Bloomberg, highlights the contrasting communication strategies of Iran and the White House regarding oil prices. According to Blas, while Iran is ...
Javier Blas: BP fires chairman Albert Manifold over governance concerns
Javier Blas reports that BP has dismissed chairman Albert Manifold due to what the company described as "serious concerns raised to the board related to important governance standards, oversight ...
Exxon Mobil negotiating Venezuela oil deal, Javier Blas reports
Javier Blas reports that Exxon Mobil is in discussions to acquire rights to produce oil in Venezuela, nearly two decades after the company was effectively expelled from the country. A deal could ...
Javier Blas: China oil imports set for 10-year low in May
Javier Blas reports that China continues to cushion the global oil market as its crude oil imports in May have dropped significantly, falling even below the already depressed levels seen in April. ...
Small changes in jet fuel supply or demand can move market balance, Javier Blas notes
Javier Blas highlights that the global jet fuel market accounts for less than 7.5% of total oil demand, making it particularly sensitive to even minor adjustments in refining output or airline ...
Javier Blas: Physical oil market strengthens as Asian refiners increase spot purchases
Javier Blas reports that the physical oil market is regaining strength after experiencing a slump earlier this week. He highlights that increased spot purchases by Asian refiners have ...
North Sea oil trades below Dated Brent for first time since war began, Javier Blas notes
Javier Blas reports that the North Sea physical oil market has witnessed its first trade at a discount to the Dated Brent benchmark since the war began. He highlights the unusual coexistence of ...
Javier Blas: Beijing reduces oil imports by a quarter, more crude reaches global market
Javier Blas, industry influencer, highlights a significant shift in China's oil trade. According to Blas, Beijing has quietly reduced its oil imports by about a quarter compared to prewar levels. ...
