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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
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OIL DEMAND: Implied US petroleum products consumption is holding up despite rising covid cases. @EIAgov total product supply (a proxy for demand) at 19.315m b/d last week (on a 4-week rolling average), little changed with previous week | #OOTT More on @TheTerminal
COMMODITY DIPLOMACY: Australia appears to be trying to find a way out -- and lower the temperature -- of an escalating crisis after China effectively stopped buying most of its commodities, crucially coal | #China #Australia
And here the punch line from today's Repsol's strategic investor presentation: its low-carbon business won't be free-cash flow positive until 2030 (!!!) #OOTT $REP
OIL DEMAND: Number of passenger going through U.S. airports hit yesterday the highest since the start of the covid pandemic, at 1.07 million. More importantly, the drop in passenger flow y-on-y improved to -59% (first time above -60% since Mar 23) | #OOTT .
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‘Yes Minister’ has a perfect summary of most Western countries response to the coronavirus outbreak 😷
BREAKING: ⬆️ Brent crude up $10.94 (or 18%) to $71.16 a barrel as market opens in the wake of the Saudi attacks #OOTT #SaudiArabia #oil
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
🚨BREAKING 🚨Saudi Arabia is launching the oil market equivalent of a declaration of war: plan for a big production hike, and offering huge discount for its crude | #OOTT #OPEC #SaudiArabia with @A_DiPaola17
VIDEO: US Coast Guard says it’s keeping an eye on 27 oil tankers anchored off the coast of Southern California. Another great example of floating storage build-up as demand for oil and refined products plunge | #OOTT #Contango video via @USCGLosAngeles
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
🚨🚨🚨BREAKING🚨🚨🚨 WTI OIL FUTURES TRADE AT NEGATIVE PRICE FOR FIRST TIME EVER | #OOTT
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
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