Javier Blas

Javier Blas


Chief Energy Correspondent at Bloomberg News. I write about oil, gas, mining, agriculture and commodities. Any views expressed are my own. jblas3@bloomberg.net

60139 followers  •  1196 follow  •    •   https://t.co/IRgBrKl2rh

Great read from colleagues at the Financial Times on #AramcoIPO : “[Aramco Chairman Yasir al-] Rumayyan didn’t hear anything after he heard $1.1tn,” said the person. “He went mad.” | #OOTT  #SaudiArabia 

COMMODITY TRADING: South Sudan, the Israeli weapons dealer, and oil and metals trading house Trafigura | via @PublicEyeSuisse 

CHART OF THE DAY: With two weeks to the #OPEC + meeting in Vienna, the collapse in global refining margins isn't exactly what the cartel needed right now (Chart is Urals crude cracking margins in NWE) #OOTT  #SaudiArabia  #Russia  #Iran  @TheTerminal 

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ConocoPhillips announces a plan to buy-back $30 billion worth of its own shares over the next decade, equal to 50% of its current market capitalization | #OOTT  $COP Full slide pack here:

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U.S. turned again a **net** petroleum exporter last week (that's crude and refined oil products). That's the 4th week of net exports out of the last seven weeks | #OOTT 

#Russia wants to exclude its new production of condensate (a type of ultra-light oil) used largely in the petrochemical industry from the #OPEC + deal | #OOTT  @olyatanas 

Louis Bacon is returning money to investors from his Moore Capital hedge fund - this is the 2nd alumnus of the 1980s mighty Commodities Corporation who takes a step back in recent months (in October, Wim Kooyker closed his Blenheim hedge fund) #commodities 

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BREAKING: Saudi Aramco publishes its IPO prospectus (658 pages!), but doesn't disclose what % of shares the government is going to sell; neither the price range (theist of banks is spectacularly large) Link to PDF here: #OOTT  #AramcoIPO 

The level of trolling of Putin reaches a new high, joking that #SaudiArabia  should buy the same S-300 anti-missile defence system that Moscow already sold to Tehran (amid the laughter of Iranian officials, including President Rouhani) | #OOTT  #oil  #Iran  #Russia 

The waiting line for Trump’s speech in #Davos  (still nearly one hour to go). Has the feeling of teenagers queuing for a concert, but this are billionaires and CEOs#tictocnews  2018 #Davos2018 

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Only in #Davos  you get a sign with “private car pick-up” direction alongside the “A day in the life of a refugee” exhibition. #Davos20182 #tonedeaf018 #tictocnews 

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The #SaudiArabia  investment conference started earlier today with a full standing room, but as the day progresses, the main auditorium is slowly getting deserted. It shows the impact of many foreign investors not attending. #FII2018  #TicTocNews  #OOTT 

CONFIRMED: UK goes for a full day without burning #coal  to generate #electricity  for first time in 135 years #climatechange  #renewables 

Saudi Arabia says it has contained a fires after two large #oil  facilities were attacked with drones: the Abqaiq processing center and the Khurais oilfield (video is Abqaiq) | #OOTT  #SaudiArabia  ⛽️🛢

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