“Flows and actions matter more than words,”

According to Bloomberg, Baltic shipments were the lowest since Moscow’s forces invaded Ukraine in 2022.

Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East...

...more Iran war fallout.

No surprise here...

"Market understanding is that fuel shortages are not far away in some countries..." 

Those options include "at least temporarily, upward pressure on the use of coal both for electricity..." 

The war in Iran has driven up oil prices in many countries, with gasoline prices turning into a topic of discussion around the world...

Political pressure is intensifying, with industry leaders and opposition figures urging new drilling to support energy security and domestic supply...

"The old joke in the oil field used to be that if it wasn't bolted down, it would get stolen." 

Iran's Hormuz blockade has forced Gulf nations to max out flows of oil and product through alternative pathways.

The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East.

"What had been framed as a two-horse race for global LNG market share now looks considerably more one-sided. The beneficiary is clear: U.S. Gulf Coast LNG."

"Federal support is top priority for newbuild. Our conversations..." 

Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones.

Taken together, the twin disruptions of Gulf and Russian energy flows... 

Iran has likely earned $139 million per day by selling its flagship Iran Light crude so far in March...

The energy transition in the US is visibly taking shape. In Tennessee, a massive nuclear power project is emerging as a U.S.-Japan joint venture. EU decision-makers in business and politics would do well to study closely what is happening in the US...

“We have refineries in Asia that are having to cut crude, and so they’re going to make less products. What if San Francisco doesn’t have the jet fuel it needs? Or Los Angeles? Or maybe gasoline?... California has decided that they’re going to rely on imports"

As Indian purchases of now-unsanctioned Russian oil soar, refiners are increasingly settling purchases of Russian oil in alternative currencies...