Oil Shocks Pivoted UK From Fuel‑oil Heating
U.K. PETROLEUM consumption from 1870 to 2024, showing the impact of the oil shocks in 1973/74 and 1979/80 in changing the trajectory of oil consumption, primarily through phasing out the use of fuel oil for electricity generation as well as industrial, commercial and residential heating:
Funds Dump Brent as US‑Iran Talks Spur Price Dip Expectations
Brent sees fund sales as diplomacy intensifies Investors realised profits from bullish long positions and started to accumulate bearish short ones last week, anticipating a further fall in Brent prices as the United States and Iran conducted face-to-face talks to find...
Singapore Jet Fuel Doubles, Squeezing Un‑hedged Airlines
SINGAPORE jet fuel prices have doubled to an average around $166 per barrel so far in April compared with $82 in January. Fuel is one of the three largest costs for passenger airlines (together with crew labour and capital) so...
US Diesel Prices Surge Post‑Iran War to 87th Percentile
U.S. RETAIL DIESEL prices including applicable taxes have averaged $5.61 per gallon so far this month up from $3.72 in February before the outbreak of the war with Iran and $3.52 in January. Inflation-adjusted prices have surged into the 87th...
Mild Winter Triggers US Gas Price Plunge
U.S. gas prices plunge after exceptionally mild end to winter U.S. gas futures prices have slumped after the warmest end to winter for more than 15 years caused storage injections to begin earlier than normal, with the threat storage space would...
US Petroleum Exports Rise as Refined Product Shipments Surge
U.S. PETROLEUM EXPORTS accelerated by 0.6 million barrels per day (b/d) in March compared with the same month a year earlier as the war between the United States and Iran triggered a worldwide scramble for replacement crude and fuels. Crude...
17th‑Century London’s Coal Dependence Fueled Social Unrest
London’s Coal Supply in the 17th Century – A Case Study in Energy Security By the early seventeenth century, coal had replaced wood as the main fuel used in London and other towns in southeast England for domestic heating as well...
Forties Crude Hits Record $147, Supply Squeeze Persists
NORTH SEA FORTIES crude prices closed at a record $147 per barrel on April 9. Forties is one of the principal streams in the Brent complex and prices have doubled since before the war between the United States and Iran...
Fund Managers Cut Dutch TTF Gas Bullish Stance
INVESTMENT MANAGERS trimmed their bullish position in Europe’s benchmark Dutch TTF gas contract last week for the first time since the war between the United States and Iran started. Fund managers sold the equivalent of 14 terawatt-hours (TWh) of futures...
Delta to Slash Routes, Hike Fees Amid Fuel Surge
DELTA AIR LINES plans to cut routes and raise charges to recoup higher fuel costs: https://t.co/3BUCmFXcYF
Pipeline Attack Exposes Ceasefire Fragility and Oil Risk
SAUDI ARABIA's East-West pipeline attacked - underscoring fragility of ceasefire and threat to oil supplies without a durable end to hostilities: https://t.co/aWAqTMRNY7
Brent Futures Hit Record Backwardation Amid US‑Iran Tensions
Brent (physical and futures) still pricing for a short war Brent prices have surged into a record backwardation as the United States and Iran threaten to escalate their conflict by attacking energy infrastructure on both sides of the Persian Gulf. In the...
Brent Bulls Bet on Escalation, Buying 22M Barrels
Brent bulls focus on escalation not mediation Investors remain exceptionally bullish about the outlook for Brent as prices grind higher and the United States and Iran show no indication of ending the conflict that has slowed exports from the Persian Gulf...
Australian Coal Prices Surge 30% as Asia Shifts From Gas
AUSTRALIA’s coal export prices have risen by around 25-30% compared with the start of the year. Front-month Newcastle coal futures have averaged $137 per tonne so far in April up from $108 in January. Electricity generators across South and East...
China to Curb Gas Power, Replace LNG with Coal, Renewables
China’s exposure to the loss of Middle East LNG China will likely reduce its liquefied natural gas (LNG) imports in response to the loss of supplies from the Middle East and higher spot prices mostly by curbing gas-fired power generation and...