Nayla Razzouk
@nayrazz
Energy & Commodities at Bloomberg News. Tweets, retweets aren't endorsements.
BREAKING: In its semi-annual report, @IEA revises higher its estimate of global consumption in 2024 to a record high of ~8.79 billion metric tons (from ~8.77 billion previously). IEA also anticipates a new demand all-time high in 2025, before dropping in 2026 | #CoalTwitter
CHART OF THE DAY: The seasonality of the oil market has changed dramatically. Because the shift has happened incrementally over a long period, it often doesn’t get the attention it deserves. But the chart below makes it obvious. My @Opinion take here: bloomberg.com/opinion/articl…
BREAKING: Exxon loses Guyana arbitration against Chevron. In a statement, $XOM said: “We disagree with the ICC panel’s interpretation but respect the arbitration […] We welcome Chevron to the venture.” This is a huge victory for $CVX boss Mike Wirth (and John Hess)
Exxon vs Chevron arbitration on Guyana is imminent. The outcome will reshape Big Oil: at stake is Chevron's $60-billion acquisition of Hess, and access to one of the world's most important oil discoveries. Background in this @Opinion column from 2024 bloomberg.com/opinion/articl…
President Macron said France will recognize Palestinian statehood at UN General Assembly in September *France would be 1st G7 country to do so * Near 150 countries (75%) already recognize it, including 12 fellow EU countries bloomberg.com/news/articles/…
INTERESTING: #Saudi Investment Minister @Khalid_AlFalih takes big delegation (including many billionaires) on unprecedented visit to #Syria, inaugurating cement factory for country's reconstruction. Saudis signed deals to invest $6.4B on major infrastructure & other projects
دشنت اليوم، برفقة وزير الاقتصاد السوري الدكتور محمد نضال الشعار، أول مصنع للأسمنت الأبيض في ريف دمشق، باستثمارات تبلغ 100 مليون ريال. يهدف هذا المشروع إلى توسيع القاعدة الإنتاجية لقطاع الأسمنت في سوريا بما يدعم مرحلة الإعمار المقبلة التي نراهن على نجاحها بعون الله.
French & German leaders vow to work on joint European warplane, which has stirred friction between project developers. France's Dassault chief Eric Trappier insists on being the lead pilot for the project, but this drew criticism from Airbus READ HERE: bloomberg.com/news/articles/…
Ensemble à Berlin, le réflexe franco-allemand en action, au travail pour préparer le Conseil des ministres et le Conseil de défense et de sécurité franco-allemands. Rendez-vous le 29 août à Toulon cher Friedrich !
Talk about timing: #China imports of American oil, gas & coal hit almost zero in June — a potentially sensitive shift as Beijing and Washington resume talks to resolve their differences on trade #tariffs bloomberg.com/news/articles/…

THE UK APPROVES £38 BILLION SIZEWELL C NUCLEAR PLANT 🇬🇧☢️🚨 It’s a major milestone for the government to drive investment in nuclear power supply to cut emissions and boost economic growth (Plans to develop Sizewell C go back more than a decade!!) bloomberg.com/news/articles/…
NEW: #Egypt starting 2 new #LNG import terminals and two more on the way. The country, which once exported gas, last year turned into a net importer due to domestic supply crunches & rising demand bloomberg.com/news/articles/… @a_shiryaevskaya @S_Elwardany @ruthcoverslng
NEW: #Russia President Putin ordered FSB security services to approve any ship seeking to enter Russian ports from abroad, following a series of mysterious explosions on oil tankers bloomberg.com/news/articles/…
GREEN: The European Central Bank has told France’s second-largest bank Credit Agricole that it’s among firms that may be fined after failing to meet expectations for managing climate risks bloomberg.com/news/articles/…
IRAN SANCTIONS: #EU sanctions a prominent #Iran oil trader & his Dubai-based companies, part of its latest round of measures targeting #Russia over its war against #Ukraine bloomberg.com/news/articles/… @BenBartenstein @AlbertoNardelli
China launched construction of mega-dam could become the world’s biggest 🇨🇳 💧 💰 The $167 billion (!!) project is on the Yarlung Tsangpo river in Tibet ⚠️ Previous reports said it has potential for 70 gigawatt of capacity (triple the Three Gorges Dam) bloomberg.com/news/articles/…
EUROPE ECONOMY: More than 60 German top companies (Deutsche Bank, Siemens etc) launched a new investment drive worth at least €100 billion ($116 billion) to lift Europe’s biggest economy out of its stagnation bloomberg.com/news/articles/…
GREEN: Airlines Trying to Reduce Emissions With Green Jet Fuel Face Reality Check Although carriers are using more sustainable aviation fuel than before, any climate benefits are outweighed by the increase in air travel bloomberg.com/news/articles/…
READ: China threatens response to EU sanctions on two Chinese banks and five companies based in China as part of the latest round of sanctions against Russia over its invasion of Ukraine bloomberg.com/news/articles/…
EU and US negotiators are heading into another week of intensive talks, as they seek to clinch a trade deal by August 1. Read it all here: bloomberg.com/news/articles/… @AlbertoNardelli
OIL MARKET: EU backs new sanctions package against Russia (the 18th), including a lower oil price cap (likely to be set ~$15 below market prices). Plus more shadow fleet tankers. To be seen the impact: in the past, Moscow has been able to sidestep all sanctions within a few weeks
Nord Stream pipelines will be banned. A lower oil price cap. We are putting more pressure on Russia’s military industry, Chinese banks that enables sanctions evasion, and blocking tech exports used in drones. (2/3)
JAPAN MOVES TO BUILD FIRST NEW NUCLEAR REACTOR SINCE 2011 FUKUSHIMA DISASTER 🚨 🇯🇵 ☢️ Kansai Electric will begin studying replacing an older reactor with a next-gen unit at its Mihama facility, the Nikkei reported nikkei.com/article/DGXZQO…