Ben Winkley, rendered inadmissible
@benwinkley.bsky.social
Mostly pushing Argus Media news from the oil and related markets. References to Dated, and dated references. Also general exhaustion and GIF-related add-ons. There's a hole in my head where information goes.
2/n: Banning diesel exports would *temporarily* provide some price relief for most of the country, but not for New England. Because pipelines don't run that far north, PADD 1A has to import large amounts of diesel, which means it's competing with a (structurally short diesel) Europe for barrels
Saudis to Asia: we back up, in the Red Sea www.argusmedia.com/en/news-and-...
Aramco to start Yanbu crude loadings for Asia: Sources | Latest Market News
State-controlled Saudi Aramco has told some Asian refiners that they can soon get Saudi crude from the Red Sea port of Yanbu, market sources said, as the Saudi 7mn b/d East-West crude pipeline ramps b...
argusmedia.com
Argus calculations suggest it would take 50 days from a US ban on diesel exports for domestic inventory to reach the pandemic tanks-full highs, at which point refineries would have to cut crude runs, with the obvious effects on gasoline prices. Midterms are 41 days away
New protectionism era. Trump floats a ban on US diesel exports. Could China follow suit? With Mideast Gulf supply low and Russia possibly extending its ban... Europe's in particular trouble www.argusmedia.com/en/news-and-...
US weighs diesel export ban: Trump | Latest Market News
President Donald Trump said on Tuesday he ordered his administration to look into curbing diesel exports from the US in response to record domestic fuel prices.
argusmedia.com
Aramco has again offered refiners in Asia-Pacific spot crude, including Arab Light grade, loading ship-to-ship (STS) in the Gulf of Oman. Signals confidence in reviving exports through Hormuz www.argusmedia.com/en/news-and-...
Saudi Aramco offers more STS crude from Mideast Gulf | Latest Market News
Saudi Arabia's state-controlled Saudi Aramco has again offered refiners in Asia-Pacific spot crude originating from within the Mideast Gulf, after having sold around 56mn bl to buyers in the region si...
argusmedia.com
shitty lawyer the Tates have there
US wonders if anyone's up for another round from the SPR www.argusmedia.com/en/news-and-...
US gauges interest in more SPR crude: Sources | Latest Market News
The US Department of Energy (DOE) has begun contacting trading firms and refiners to gauge interest in another round of crude loans as part of its 172mn bl drawdown from the US Strategic Petroleum Res...
argusmedia.com
Similar song from Bank of America today: "if disruptions persist into spring 2027 or oil infrastructure damage intensifies, Ice Brent front month contracts may have to spike well above $150/bbl to curb global oil demand."
Ben Winkley, rendered inadmissible@benwinkley.bsky.social · 2d agoBarclays on oil prices: not seeing much non-Opec supply response even at elevated prices. If the current situation persists, there could be a 50% increase from current price levels before the market achieves an organic balance. Bank's base case is $96/bl Brent this year, $85/bl next year
"Monaco's most self-aware economic migrant... treated us to the kind of insight usually belched out over a chain pub breakfast"👏
David Squires@davidsquires.bsky.social · yesterdayHere’s this week’s cartoon for @sport.theguardian.com www.theguardian.com/football/pic...
In South London the diesel retail price display is at the limit of its capability. Any higher from here and they'll be updating with pen and paper
Buried the lede a bit here. Everybody's living in a material world-a And I am a material girl-a www.theguardian.com/music/2026/s...
World not on track to meet the goal of tripling installed renewable capacity by 2030, adding about half of what's needed each year. www.argusmedia.com/en/news-and-...
World off-track for tripling renewables goal: Irena | Latest Market News
The world is not on track to meet the goal of tripling installed renewable capacity by 2030 set in 2023 at the UN Cop 28 climate summit, according to a report by renewable energy group Irena.
argusmedia.com
Qatar to Bessent: yeah, well that's just, like, your opinion, man www.argusmedia.com/en/news-and-...
Qatar says strait of Hormuz will never 'be obsolete' | Latest Market News
Qatar's energy minister Saad Sherida al-Kaabi has pushed back against a claim made by US Treasury Secretary Scott Bessent earlier this month that the Hormuz strait will be "worthless" within two years...
argusmedia.com
Barclays on oil prices: not seeing much non-Opec supply response even at elevated prices. If the current situation persists, there could be a 50% increase from current price levels before the market achieves an organic balance. Bank's base case is $96/bl Brent this year, $85/bl next year
Rhine in Germany too low for barges to move this week www.argusmedia.com/en/news-and-...
German Rhine water levels too low for barges this week | Latest Market News
The Rhine River in Germany will be largely unnavigable for standard barges this week because of continued dry weather, shipowners said.
argusmedia.com
Glencore gets court nod to pursue collapsed UK refiner Prax for $267mn. Court notes that should Glencore succeed it will mean a "significant shortfall" for the govt, by far Prax's largest creditor, and "no prospect" for HMRC, which was owed £70mn. caselaw.nationalarchives.gov.uk/ewhc/ch/2026...
Glencore Energy UK Ltd v Prax Lindsey Oil Refinery Limited (in liquidation) - Find Case Law - The National Archives
caselaw.nationalarchives.gov.uk
Angola's state-owned oil company has postponed its results to ensure accurate data🤘 www.sonangol.co.ao/snl-obrigaco...
OBRIGAÇÕES SONANGOL 2023–2028
<p>A Sociedade Nacional de Combustíveis de Angola, Empresa Pública (Sonangol E.P.), informa aos detentores das Obrigações Sonangol 2023–2028, com o código ISIN: AOSNLED0FA16, e ao mercado em geral que...
sonangol.co.ao
EXCL: Trafigura is planning to list an oil tanker business with a fleet of the largest size of tankers, taking advantage of record high rates thanks to the Middle East. www.ft.com/content/a1c9...
Trafigura to float supertanker arm in first IPO of a business
Commodities trader to take Volare Shipping public in Oslo as Gulf crisis drives tanker rates to record highs
ft.com
At the Ineos CCS launch yesterday SJR grumbled about people not applauding enough. One of the great miserablists.
Katie Martin@katie0martin.ft.com · 4d agoFunny coz I've lost confidence in the billionaires www.bbc.co.uk/news/article...
Germany leads calls for EU-wide windfall tax on oil companies. Commission says this is unlikely, and member states are free to pursue national measures. www.argusmedia.com/en/news-and-...
Germany, Spain, Portugal urge EU windfall tax options | Latest Market News
The European Commission should present clear options for an excess profits tax on oil companies, German finance minister Lars Klingbeil said today, gaining support from some EU counterparts.
argusmedia.com
US gonna keep tappin' the SPR till that baby is all tapped out www.argusmedia.com/en/news-and-...
US considers loaning more crude from SPR | Latest Market News
A recent increase in crude prices has made it a "very real possibility" that the US Department of Energy (DOE) will offer an additional round of crude loans under a still ongoing 172mn bl drawdown fro...
argusmedia.com
hey, how's the cost of moving crude oil around looking? Oh.
checking in on the price of European jet fuel and holidaymakers appear to have got away with one this summer
Italy scraps road tax to counter fuel price surge. Meloni said it no longer made sense to tackle the problem at the pump. "We have chosen a structural measure rather than an emergency measure" www.argusmedia.com/en/news-and-...
Italy scraps road tax to counter fuel price surge | Latest Market News
Italy approved a decree scrapping road tax for about 14.5mn cars and motorcycles in an effort to offset rising energy prices, the government said.
argusmedia.com
Orlen said today it has issued 16 (!!) tenders for crude supply since Friday. Orlen is Aramco's biggest European client, so most exposed to a shortfall and this spot market splurge suggests there is *no* Saudi crude availability right now
Ben Winkley, rendered inadmissible@benwinkley.bsky.social · last wk.Poland's Orlen has issued eight (!) tenders for crude supply since Friday (!!). So prompt physical prices go wheeeeee!
UK parliament's climate change committee says the government should require the aviation industry to abate 100pc of emissions by 2050 before consenting the proposed Heathrow airport expansion. www.argusmedia.com/en/news-and-...
Cut aviation emissions for Heathrow expansion: UK’s CCC | Latest Market News
There is "no credible pathway" for a proposed Heathrow airport expansion that would meet UK climate commitments, unless the government sets policy to ensure the aviation industry reaches net zero emis...
argusmedia.com
European diesel prices at a record high on Tuesday 👇
no surprise Saudi Aramco is cancelling or deferring some crude cargoes due to load this month for European customers, given the apparent damage to the E-W pipe. But this is reputationally awful for Aramco, which prides itself on its reliability www.argusmedia.com/en/news-and-...
Aramco defers, cancels some European Sep crude: Sources | Latest Market News
Saudi state-controlled Aramco has cancelled or deferred term crude supplies to some European refiners that were scheduled to load in late September, according to market sources.
argusmedia.com
Pentagon audit of the war to end-June puts cost at $33.4bn, details aircraft and equipment losses (including three F-15s destroyed by not-Iran) and military base damage media.defense.gov/2026/Sep/09/...
media.defense.gov
