Oilprice.com (January 22)
“Since China doesn’t report crude oil inventories, it’s all guesswork as to just how much crude the country has stashed over the past year.” Rising inventory levels “could mean that China’s imports may not be as strong as anticipated. But it could also mean that refiners are preparing for a surge in demand” in the post-Covid restriction era. “There is one certainty in the oil markets – the economic growth in China has been and will continue to be a key factor in global oil demand, capable of moving oil prices in either direction.”
Tags: China, Covid, Crude oil, Demand, Economic growth, Guesswork, Imports, Inventories, Prices, Refiners, Strong, Surge
Oilprice.com (December 26)
“Although the EU embargo and the EU-G7 price cap on Russian crude oil at $60 per barrel didn’t immediately roil the oil market – although traders were concerned about a possible demand hit from slowing economies – uncertainty is growing over how the bans on Russian imports will affect supply balances over the next few months.”
Tags: $60, Bans, Barrel, Crude oil, Demand, Economies, Embargo, EU, EU-G7, Imports, Oil market, Price cap, Roil, Russia, Supply, Traders, Uncertainty
Financial Times (March 12)
As “crude oil hit 14-year highs,” the mood at Houston’s CERAWeek conference was decidedly upbeat. “Industry executives who have felt maligned during the onset of a global energy transition” were “again feeling at the centre of epochal events.” Supply security clearly topped climate.
Tags: CERAWeek, Climate, Crude oil, Energy transition, Epochal, Executives, Highs, Houston, Industry, Maligned, Supply security
Institutional Investor (September Issue)
“The combination of collapsing crude oil prices, wild currency swings and heightened governance scrutiny has created a challenging environment for many of the world’s largest sovereign wealth funds”.
