🔥🔥🔥Saudi Energy Minister Prince Abdulaziz bin Salman: We will not sell oil to any country that imposes a price ceiling on us if the “NOPEC” law is applied, and I would not be surprised if others do the same (quoted from Energy Intelligence)

“In private, Saudi officials said, the crown prince has said he expects that by playing major powers against each other, Saudi Arabia can eventually pressure Washington to concede to its demands for better access to U.S. weapons and nuclear technology.” wsj.com/articles/saudi…

1- Iranian ambassadors have started opening diplomatic channels with their Saudi counterparts even before their respective top diplomats meet. #Saudi_Arabia’s ambassador (alongside Syria’s) attends an Iftar party thrown by #Iran’s ambassador in Baghdad.

Reminder OPEC’s JMMC meets on the 3rd of April, no recommendations to change the current production policy is expected #OOTT #opec

Note: lower oil supply into Med

2 April 1978. The first episode of the popular TV soap opera, Dallas, was broadcast on CBS-TV in the USA. It ran until 3 May 1991. The series revolves around an affluent and feuding Texas family, the Ewings, who own the independent oil company Ewing Oil. x.com/silveragetv/st…

The total voluntary cut by OPEC+ members might add up to 1.5 mb/d. Information is still sketchy. #Oil #OPEC #OOTT #COM #EFT

The JMMC meeting minutes ! البيان الختامي للاجتماع الوزاري لمجموعة أوبك+ و الذي أكد على الخفض الطوعي كإجراء احترازي لدعم أسواق النفط العالمية

“Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an ‘Arab consensus’ plus a ‘change on the ground’ would shift Qatar's position.” reuters.com/world/middle-e…

OPEC SG HE #HaithamAlGhais met with HE Mikhail Ulyanov, Ambassador of the Russian Federation to Austria and the Permanent Representative to International Organizations in Vienna, to discuss the ongoing oil market stabilization efforts under the ‘Declaration of Cooperation’, …

Biden administration proposing US emission rules that will force automakers to sell 2 out of 3 cars and light trucks as EVs by 2032, well beyond rosiest EV forecasts. US consumers pushed to EVs.

“At least five mem­bers of the Arab League, in­clud­ing Mo­rocco, Kuwait, Qatar and Yemen, are re­fus­ing to read­mit Syria into the group, the Arab of­fi­cials say. Even Egypt…is push­ing back, they added.” ⁦The Wall Street Journal⁩ wsj.com/articles/saudi…

Some context: 1.45mn litres is around 9,000 bls. This is VERY minor. #oott arabnews.com/node/2287701/m…

From McDonald's CEO Chris Kempczinski, this is the key macro indicator to watch:

No wonder China is pushing so hard into nuclear fusion… the acceleration here should be noted against global oil demand growth.

Austria Manufacturing PMI dropped to recessionary levels in April -- should we be concerned? Some might argue that it's just one country and it's only one month's data, but an interesting paragraph in the press release caught my eye: "Contributing to the decline in the headline

And XOM today too. Another quarterly Permian production high. Intentionally building DUCs as well.

Patrick De Haan ⛽️📊 WoodMac Oil Price and in the meantime, its coal to the rescue!

This next-generation nuclear facility will be a win for the local economy, America’s energy independence, and the fight against climate change. gatesnot.es/3VIr2gY

last year's driver of inflation is no longer one -- oil prices are down from a year ago