Energy markets, commodities, and global resource analysis by Javier Blas
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. ...
China quietly reduces oil imports impacting market balance, Javier Blas notes
Javier Blas, industry influencer, reports that China is quietly reducing its oil imports, which is creating significant shifts in the global crude market. The move comes during the ongoing closure ...
Javier Blas: U.S. refiners ramp up jet fuel output as margins soar
Javier Blas, industry influencer, reports that U.S. refiners are significantly increasing jet fuel production to address a global shortage and benefit from record high margins. According to Blas, ...
DiamondBack Energy reacts to over $80 per barrel, Javier Blas notes
Javier Blas, industry influencer, reports that DiamondBack Energy, a leading U.S. shale producer, intends to increase its oil supplies to the market immediately. Blas mentions that while ...
Javier Blas: Brent oil front-month contract trades in $13 range without news
Javier Blas, industry influencer, reports that the front-month Brent oil contract has experienced significant price movement today, trading within a $13 range. He notes that this volatility has ...
TotalEnergies boosts buyback to $1.5 billion and hikes dividend, Javier Blas notes
Javier Blas, industry influencer, reports that TotalEnergies has increased its quarterly share buyback program to $1.5 billion, matching the upper end of its guidance. The company also raised its ...
Javier Blas: West Texas natural gas price hits record low near minus $10 per mBtu
Javier Blas, industry influencer, observes a striking divergence in natural gas prices between Europe, Asia, and West Texas. While prices are rising in European and Asian markets, the price of ...
IMF global growth forecast for 2026 now 3.1 percent, Jonny Nash notes
Jonny Nash, industry influencer, highlights changes in the International Monetary Fund's global economic growth forecasts for 2026. According to Nash, the IMF earlier projected 3.0% growth for ...
Javier Blas: BP introduces new leadership and strategy but faces persistent unforced errors
BP has ushered in a new chair, CEO, and strategy that is delivering financial results. However, Javier Blas observes that despite these changes, the British oil giant continues to make unforced ...
Oil trades at $78 in Kansas and $286 in Sri Lanka, Javier Blas notes
Oil prices can vary significantly across global markets, Javier Blas observes in a recent post. While a barrel of crude might be picked up for $78 in Kansas, the same would cost $286 in Sri Lanka. ...
