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RT @ClydeCommods: To continue receiving my analysis of Asia's markets for #crude, #LNG, #ironore, #coal, #copper, #metals and #renewables a….

China’s weak run of #crude oil imports continued in October, falling for a 6th month. For the first 10 months imports are down 420,000 bpd, giving #OPEC+ a major demand problem. Another problem is the risks to global growth from #Trump. #OOTT #energy #oil

The risks to global trade and the potential slowing of the world economy saw prices of #commodities fall in the wake of Donald Trump’s election win. However, much will depend on how much of his tariff plans turn into reality. #crude #ironore #copper #LNG

In a reversal of the trend so far this year, Europe’s #LNG imports rose in October for the first time since December, while Asia’s dipped. The flip is likely because of one-time factors rather than any change in fundamentals. #natgas #ausbiz #energy #ONGT

OPEC+ bowed to the inevitable and again delayed its planned December #crude output increase. While geopolitical tensions may get blamed, the ongoing reality of weak imports in top-consuming region Asia is a bigger factor. #OOTT #OPEC #energy #oil

Australia has more advantages than virtually any other country when it comes to the #EnergyTransition, but its miners say it risks being left behind. While it’s the biggest exporter of #lithium and #ironore, the missing link is cheap renewable electricity.

#Crude's risk premium ratcheted lower after the market deemed Israel's attack on Iran and Tehran's response as de-escalating tension. This brings the focus back to #OPEC+'s planned output hike and still soft demand growth, especially in Asia. #OOTT #energy

Despite adding #renewables such as #solar and #wind at a record pace, China’s strong demand for seaborne thermal #coal is set to have continued in October as coal-fired generation remains strong and hydropower eases. #energy #ausbiz #climate #mining

China’s #ironore imports are set to jump to a record high in October, most likely on weak prices in September prior to Beijing’s new stimulus measures. However, there is a disconnect between robust iron ore arrivals and weak #steel output. #ausbiz #mining

The weakness in China's #crude sector is continuing, with a surplus of 930,000 bpd in September as imports and domestic output again far exceeded refinery processing. China is storing #oil amid soft domestic demand and relatively low prices. #OOTT #energy

RT @fbirol: After the Age of Coal & Age of Oil, the world is moving rapidly into the Age of Electricity ⚡️. Electricity has recently grown….

China’s rapid electrification of transport is “wrong-footing” #crude producers, according to the #IEA’s latest World Energy Outlook. The risk for groups like #OPEC is that China’s switch to EVs and #renewables becomes the global template. #energy #climate

RT @gulf_intel: “Are we seeing OPEC+ adjust its outlook for China oil demand sufficiently?”.Click here to access full podcast: https://t.co….

RT @gulf_intel: Brent crude oil to return to test $70 now that Iran's oil infrastructure is off target list?. Click links below to listen &….

RT @gulf_intel: 𝐋𝐈𝐕𝐄 𝐕𝐈𝐃𝐄𝐎 𝐏𝐎𝐃𝐂𝐀𝐒𝐓: Daily Energy Markets - Oct. 15 .Click Here To Join: Zoom ID: 843 8266 1096 PW:….

China’s #crude imports fell for a 5th straight month year on year in September, and are down 350,000 bpd so far in 2024. This makes #OPEC’s small cut to its China #oil demand growth forecast for 2024 to 580,000 bpd look hopelessly optimistic. #OOTT #energy

China’s latest stimulus pronouncements got the thumbs up from domestic investors, with rallies in #copper, #steel and #ironore. But elsewhere the reaction was more muted amid concern over a perceived lack of details. #commodities #ausbiz #mining #metals

While #crude's immediate focus is on the possibility of Israel striking at Iran’s facilities, the backdrop is that demand concerns remain. Asia’s imports are down 200,000 bpd over the first 9 months, confounding #OPEC’s optimistic demand forecasts. #OOTT

Iron ore and #copper have had somewhat different reactions to the latest China stimulus, with the #steel raw material surging and copper only ticking higher. The difference is #ironore is more driven by Chinese retail buyers. #metals #stimulus #ausbiz