Huge inventory losses brought on by the plunge in oil prices in the second half of last year prompted Japanese refiners, desperate to eke out margins, to switch away from some of their staple heavy crude imports from the Middle East in favor of spot barrels from Russia and even far-away Mexico.
Posts Tagged ‘Middle East’
By Takeo Kumagai | February 24, 2015 12:01 AM Comments (0)
By Colin Richardson | January 17, 2015 12:01 AM Comments (0)
The immediate reason for the oil price plunge seems fairly clear – producers going gung-ho at a time of weak demand, which is not helped by the buoyant greenback.
What is murkier, perhaps, is how geopolitical agendas and motivations are feeding the bear market.
By Elizabeth Bassett | October 23, 2014 03:33 PM Comments (3)
This is a busy time of year, and between conferences and the reporting of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil Big Five, when we got our analysts and editors to share their biggest issues in the global oil industry.
Today, though, we want to highlight some of your comments. Remember you can always tell us your thoughts through a comment here on the blog, or on Twitter with the hashtag #oilbig5.
By Elizabeth Bassett | October 6, 2014 03:03 PM Comments (4)
Now that the global crude oil markets are in the middle of a sort of upheaval, it seems increasingly harder to have clear thoughts or emotions about what the future holds. There are so many nuances to the slowly emerging new order that it can be difficult to find underlying issues (something we strive to do every month with this feature) or take a firm stand on how you think things will shake out in the future (see our No. 2 pick).
In the October version of The Oil Big Five, we have some officials trying to establish their region’s role in the future, even as everything is uncertain. We also have price movements and crude movements, and we’re hoping this all moves you to leave us a comment. Leave us your thoughts below. What do you think of these topics, and what did we leave off that’s a big issue to you? Or share your ideas on Twitter with the hashtag #oilbig5. Read what our oil editors and analysts nominated as the top issues for the moment, and we look forward to featuring your comments next week.
By Elizabeth Bassett | September 9, 2014 05:14 PM Comments (0)
This month in The Oil Big Five, we mulled over the fact that the more things change, the more they stay the same. What hasn’t changed for us on The Barrel is we want to feature comments from our readers around the globe, including your thoughts about what’s most important to you about the oil industry. Here are some of the comments we received from our latest entry, and a huge thanks to those who commented, as well as everyone who read the post.
By Tamsin Carlisle | September 9, 2014 12:01 AM Comments (0)
In the past two weeks, two Middle East states have experienced significant popular unrest sparked by government moves to cut fuel subsidies.
The circumstances were individual but the similar responses underscore common difficulties faced by all governments in the region that seek to phase out what many of their citizens regard as a birthright.
By Alex Froley | August 28, 2014 11:18 AM Comments (2)
The UK gas market has been on a downtrend throughout the year after a mild winter left storage facilities entering summer already at high levels. Qatar has also kept up a steady flow of LNG cargoes throughout the year, sending daily gas prices down from the mid 60s pence/therm in January to the lowest point of the year at 34.60 p/th on July 11.
But the market now seems to have turned 180 degrees, with a sharp jump in prices since mid-August. With higher winter demands on the way, July’s lows may not be seen again this year.
By Elizabeth Bassett | August 14, 2014 12:01 AM Comments (6)
We’re still waiting on tenterhooks to find out where the United Kalavrvta is going, but we wanted to share some of the comments we got from our readers on the latest posting of The Oil Big Five.
Again, we urge our readers to comment at any point on the posts (and on any post on The Barrel) and tell us what you think of the top issues as picked by our Platts editors and analysts. We welcome comments anytime on Twitter, too, and make sure we see your thoughts by using the tag #oilbig5.
By Tamsin Carlisle | August 11, 2014 12:01 AM Comments (0)
As the old saying goes, you can’t tell the players without a scorecard. So in this week’s Oilgram News column New Frontiers, Tamsin Carlisle does just that, skipping through the Middle East to summarize the hot battles, and the cold ones, impacting oil across the region.