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Iran's Disappearing Oil Is Becoming Everyone's Problem
Iran's Disappearing Oil Is Becoming Everyone's Problem
Authored by Natalia Katona via OilPrice.com,
Iranian oil is disappearing from the market just as its biggest buyer returns for more. China's recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every replacement barrel tightens supplies for other buyers, while Tehran faces a growing incentive to disrupt the Strait of Hormuz, which is now carrying an unexpectedly strong 13 million barrels...
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At a moment there are widespread reports that Persian Gulf exports are fast recovering, there are simultaneous emerging albeit delayed reports of new tanker attack incidents that happened Tuesday.
On apparent crude transit recovery amid continued deep uncertainty, "For now, that reduces fears of an immediate crude shortage and explains why prices can fall even though talks between the US and Iran have made no clear progress," Simon-Peter Massabni from XS.com says. "The market's main question is whether this faster...
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Global Coal Demand Surges As Middle East Energy Crisis Deepens
Global Coal Demand Surges As Middle East Energy Crisis Deepens
Authored by Tsvetana Paraskova via Oilprice.com,
Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East.
The trend has been accelerating in recent weeks, and global coal imports are on track to reach their third-highest monthly level on record, according to estimates by analytics platform Kpler cited by the Financial Times.
In the wake of the worst oil and gas supply disruption in history, coal is back in...
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