Herman Wang

Ukrainian drone strikes on Russian refineries are having a knock-on impact on a lucrative illicit oil trade 4,000 km away in Libya, inflaming political tensions in the already fractured North African country. Story from me and @kellynorways1 #OOTT spglobal.com/commodityinsig…

The Epping Ongar Railway buys coal from Kazakhstan these days to run its heritage steam trains, with Russian supplies banned in the UK. Costs about £500 per ton, I'm told, and they go through about 1.5 tons (or is that tonnes?) on a typical weekend day, steaming through Essex

India’s #oil demand to recoup on stockpiling amid tensions with Pakistan; agriculture aids 🔹May oil products demand likely to rise 150,000 b/d on year: Commodity Insights 🔹Consumers, refiners keeping close eye on India-Pakistan situation despite ceasefire 🔹Crude runs expected…

Split of opinion on hydrogen market between ACWA Power Chairman Mohammad Abunayyan & Aramco CEO Amin Nasser at #SaudiUSForum2025 Abunayyan: Drive demand by producing supply at scale & low cost Nasser: Demand isn't there and Aramco won't build facilities without offtake agreements

India and Pakistan agreed to an immediate ceasefire May 10, following four days of military strikes that had frazzled energy, shipping and agriculture markets and disrupted port operations. okt.to/IRdQkw

Live look in at Baghdad-KRG negotiations over reopening the Iraq-Turkey pipeline

#OPEC says the world will need 20% more #oil supply by 2050, dismissing any notion of peak demand. Producing the barrels to meet that forecast will require trillions of dollars in investment. #crude #OOTT

New NNPC boss eyes 2 mil b/d #OPEC quota, 2028 IPO in 'transformation' of state firm 🔹Focus on new drilling, gas pipelines, boosting Dangote stake 🔹Plans to list at least 20% of NNPC in London, New York, Lagos #oott #oilprice #upstream

It's unlikely that Iran would close the Strait of Hormuz. But if it did happen, the world's oil flows would be massively disrupted. Read my piece here about just how hard it would be to get those barrels to market, and why, in some cases, there is no alternative to the strait.

*Hours before US strikes, Houthis issue new threat to American ships in Red Sea if they join Israel *US strikes on Iran nuclear sites could see oil prices climb when trading resumes *Iran calls for UN to intervene, vows response to US spglobal.com/commodity-insi…

Continued escalation in the Israel-Iran #conflict has triggered the first attacks on #oil infrastructure, including the Haifa refinery in #Israel and a fuel depot in #Iran. Major export facilities have so far avoided damage, but markets remain on edge for further destruction that…

ENERGY #ASIA: Petroleum deliveries unaffected by #Iran-#Israel conflict: #Aramco ▪️Vessels accidentally collide off Khor Fakkan early June 17 ▪️Aramco seen allocating full July crude term supply to Asian refiners Full story: okt.to/U8Y3oL

In our latest #OilMarkets #podcast, ahead of the #EnergyAsia Conference, @heysambit leads a discussion with Atul Arya, Nick Sharma and Vartika Shukla, chairman and managing director of Engineers India Limited about the key themes that might be in the spotlight at the conference.…

Ships gathered around the Port of Singapore, the world's largest bunkering hub through which some half of the world's crude oil supply comes in and out

I enjoyed talking OPEC+ with Gulf Intelligence this morning ahead of the voluntary cutters' meeting coming up tomorrow. @SPGCIOil #OOTT

PLATTS: Iran cuts further gas supplies to Iraq, causing power outages plattsconnect.spglobal.com/web/index.html… Continue reading by subscribing to S&P Global Platts Connect. Email [email protected].

For something a little different to my usual, catch me on BBC Radio London at 8:50 this morning with @1AaronPaul discussing Leyton Orient's massive Wembley playoff final against some club called Charlton on Sunday #LOFC

Nigeria’s Dangote refinery has promised to squash a booming import market for West African fuel, and the region’s physical traders are racing to adapt. I spoke to @MocohGroup CEO Olivier Lassagne about the influence of the refinery and new markets for the Africa-focused trader;

Mi amore, espresso macchiato, por favore

Trump publicising Murban - the UAE’s flagship light, sweet crude - was not on my 2025 bingo card. @adnoc group CEO Sultan Al-Jaber can be heard in the background telling Trump that Murban has its own benchmark #OOTT

Saudi Aramco CEO Amin Nasser says at the #SaudiUSForum2025 that he is signing a $3.4 billion agreement today to expand the Motiva refinery in Texas to integrate chemicals production #OOTT