Energy and commodities highlights: Hormuz tensions, trading houses vs NOCs, recycled plastics

After a calmer start to the week in geopolitics, US-Iran tensions erupted again on July 18 when President Donald Trump said the US Navy had shot down an Iranian drone in the Strait of Hormuz. Brent crude prices responded with a near 2% increase by in Singapore morning trading hours. However, the impact of US sanctions on Iran and hostilities in the Persian Gulf on oil prices has been blunted

Oil pipelines not Royal Navy warships will solve Hormuz Iran threat

Deploying more of the Royal Navy to protect oil tankers from Iranian attack as they sail through the Strait of Hormuz is a short-term fix to a historic problem of providing energy security in the Persian Gulf. Instead of Britain adding to the crowded fleet of warships converging on the region, new export routes such as pipelines and canals should be opened up to provide long-term peaceful alternatives that would

Commodity tracker: 6 charts to watch this week

S&P Global Platts editors’ pick of unfolding commodities trends. This week, bunker values at Fujairah plunge, mine overcapacity puts pressure on key battery metal lithium, and US LNG exporters face tight margins over the summer. Plus Chinese refiners’ growing taste for Saudi crude, EU CO2 prices and gas and coal profitability. 1. Fujairah bunker values plunge as Middle East risk rises   What’s happening?  Marine fuel sales in the Port

Energy and commodity highlights: Tropical storm Barry, UK-Iran tanker spat, Asian LNG demand

As Tropical Storm Barry approaches the US Gulf Coast, offshore oil and gas producers, refineries and ports have been shuttering facilities in preparation. Utilities are also on alert. As of July 11, US offshore drillers have shut 1 million b/d (53%) of Gulf of Mexico oil production and 1.2 Bcf/d (45%) of natural gas output. The US National Hurricane Center expects Barry to reach hurricane strength late July 12, or

Energy and commodities highlights: China upstream, OPEC’s output discipline and Chevron in Kazakhstan

https://play.vidyard.com/embed/v4.jsChina announced landmark reforms in upstream oil and gas policy this week, lifting restrictions on foreign investment in conventional oil and gas projects. The city gas distribution sector is also being opened up, in a move that could attract oil majors and energy companies eager to tap into China’s growing appetite for LNG. Chinese LNG imports were up 20% year on year in the first half of 2019, according to

Commodity tracker: 4 charts to watch this week

S&P Global Platts editors’ pick of unfolding commodities trends. This week, oil markets await updates on OPEC supply in the second half of the year, while LNG flows could shift on diverging regional prices. Gold is in the spotlight following a spike in late June, and European carbon prices are nearing winter fuel-switching levels. 1. Will OPEC and allies extend supply cut agreement?   What’s happening? OPEC and its allies

Energy and commodities highlights: US gas prices, OPEC meeting, Chinese LNG investment

https://play.vidyard.com/embed/v4.jsMoving into high summer, US energy markets were taking stock of trends in power generation amid low gas prices. The US Henry Hub gas benchmark recently traded at historic lows, and with forward prices suggesting little upside, the fuel is likely to see increased demand from power plants this summer. According to S&P Global Platts Analytics, even average seasonal temperatures in July and August could lift demand for power burn

CHAT with TELL | LNG #trends

Join the #LNG discussion on U.S. and global gas fundamentals with our Research and Fundamentals team. Host: Johan Yokay Guests: Renee Pirrong, Kevin Greene & Kirk Shepherd Production: Allison Clark Watch on YouTube Follow us on Twitter @TellurianLNG Program outline 00:20 – The latest trends in LNG demand 03:14 – How the #Permian basin is becoming more of a driving force for U.S. liquefaction 05:16 – Latest trends in U.S.

The LNG sector is breaking taboos to stay competitive

Breaking taboos in the LNG industry is a time-honored tradition. The disruptors have sometimes succeeded and sometimes failed, but the commercial arc of the LNG universe is unquestionably bending towards change. These changes are happening out of necessity and not out of choice. What always seemed to be formidable obstacles are rapidly deteriorating into historical footnotes. LNG industry mainstays  like destination clauses, long-term contracts and oil indexation, are morphing into

Energy and commodities highlights: Oil market tensions, European gas flows, Mozambique’s LNG plans

https://play.vidyard.com/embed/v4.jsFor the second time in as many weeks, oil markets were jolted by events in the Middle East, with prices jumping on reports that Iran had shot down a US drone over the Strait of Hormuz on June 20. Crude prices continued to rise on June 21, on fears that the US and Iran could be headed towards a military confrontation. The latest incidents could affect flows of oil and