Energy markets, commodities, and global resource analysis by Javier Blas
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 ...
Javier Blas: Supertanker shipping rates from Persian Gulf to Far East rise to $1.3 million daily
Javier Blas, energy and commodities columnist at Bloomberg, reports that the cost of hiring a supertanker to transport oil from the Persian Gulf to the Far East has surged to approximately $1.3 ...
Gunvor will become Centalion and relocate its headquarters, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Gunvor will change its name to Centalion and shift its corporate headquarters from Cyprus to Singapore. ...
Javier Blas: Dallas Fed survey highlights call for less volatile energy market
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, shares insight from the Dallas Federal Reserve's recent quarterly energy survey, quoting an anonymous executive from ...
TotalEnergies commits to 5 percent annual dividend growth and larger buybacks, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that TotalEnergies will increase its annual dividend by 5 percent through 2030 and plans larger share ...
Javier Blas: KPMG appointed to oversee restructuring of Radiant World
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that a Singapore court has appointed KPMG restructuring executives to take control of embattled iron ore ...
Supertanker costs surge twelvefold for key route, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports a dramatic increase in shipping costs for oil tankers. The cost to hire a supertanker from the Persian ...
Javier Blas: TotalEnergies CEO views crude fundamentals as bearish but strong diesel demand
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that TotalEnergies CEO Patrick Pouyanne described crude oil fundamentals as bearish while highlighting ...
North Sea crude price climbs for second day, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports a second consecutive day of notable activity in the North Sea crude oil market. Oil flat prices increased ...
Javier Blas: Oil refining margins hover near $68 a barrel as crack spread recovers
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that oil refining margins have sharply recovered due to tight diesel (gasoil) supply. Measured by the ...
Lower oil prices mean less hedging by macro traders, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, observes that as oil prices stay below $100 per barrel and inflation remains under control, especially in the U.S., ...
Javier Blas: Iron ore prices drop to two-year low as supply grows
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that iron ore prices have fallen to a two-year low of about $90 per metric ton. He highlights that with ...
Arab Light crude price cut to $2 a barrel for Asia, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Saudi Arabia has increased the discount on its flagship Arab Light crude for Asian customers to ...
Javier Blas: Glencore reports $10.1 billion earnings and $1.5 billion shareholder payout
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Glencore has posted underlying earnings of $10.1 billion, an 86% increase year-on-year driven by strong ...
BP delivers $5.7 billion adjusted net income and reduces debt, Javier Blas notes
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that BP surpassed earnings estimates with an adjusted net income of $5.7 billion and a notable reduction in ...
Javier Blas: Dark oil flows via Strait of Hormuz weaken physical market
Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, observes that despite widespread reports about the closure of the Strait of Hormuz, a significant volume of oil ...
