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Javier Blas

Javier Blas

Fortune

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The US Should Enforce, Not Increase, Iranian Oil Sanctions

If you believe the Chinese government, the country doesn’t import any oil from Iran. Zero. Not a barrel. Instead, it imports lots of Malaysian...

previous day 3

Bloomberg

Javier Blas

Iran's Attack on Israel Upsets OPEC+ Search for Goldilocks Price

Recently, I asked the head of a state-owned oil company in the Middle East what price OPEC is aiming for. Laughing, he replied: $99.99 a barrel, and...

15.04.2024 20

Bloomberg

Javier Blas

$200 Billion of M&A Wasn't Enough in US Oil Patch

Even after a record $200 billion dealmaking frenzy last year, US oil and gas producers haven’t consolidated nearly enough. On a-per-barrel basis,...

10.04.2024 9

Bloomberg

Javier Blas

The LSE Losing Giants Like Shell Is a Very Real Threat

Ever since Brexit, the City of London has been worried about its declining role in global finance. Those concerns were most conspicuously realized in...

08.04.2024 10

Bloomberg

Javier Blas

Exxon’s $60 Billion Fight With Chevron Will Reshape Big Oil

The prize is called Stabroek — a series of oilfields off the coast of Guyana, the Latin American nation bordering Venezuela and Brazil. The...

03.04.2024 30

Bloomberg

Javier Blas

Chocoholics Won’t Be the Only Victims of Cocoa’s Surge

In every sustained commodity price rally, there’s a moment when fundamentals — supply, demand, inventories — no longer matter. The cost of the...

26.03.2024 10

Bloomberg

Javier Blas

Oil Trading Is Still Rife With Bribes. Time the Industry Cleaned Up.

Torbjörn Törnqvist, co-founder of Gunvor Group Ltd. and one of oil trading’s most senior executives, famously said about his industry:...

21.03.2024 10

Bloomberg

Javier Blas

When the Fix for Lower Commodity Prices Isn’t Low Prices

Every student of the commodity market soon learns the industry’s main axiom: “Low prices cure low prices, and high prices cure high prices.”...

07.03.2024 20

Bloomberg

Javier Blas

Qatar’s Gas Push Has a Hidden Motive — Murdering Coal

The energy transition will eventually be a zero-sum game — for one energy source to win, another must lose. The obvious battle is between renewables...

04.03.2024 5

Bloomberg

Javier Blas

OPEC+ Can Trade Short-Term Oil Pain for Long-Term Gain

Over the next few days, OPEC countries need to decide whether to extend their “voluntary” oil output cuts into the second quarter. The market...

28.02.2024 9

Bloomberg

Javier Blas

The Meltdown in Chocolate Is Coming

The evening I learned the unspoken truth about the cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with...

19.02.2024 10

Bloomberg

Javier Blas

The $10 Billion Mistake That Will Revive Canadian Oil

For the last decade, the Canadian oil industry has experienced firsthand the meaning of “with friends like these, who needs enemies.” To its south...

12.02.2024 10

Bloomberg

Javier Blas

Big Oil’s Boring Quarter Was Great News for Investors

Big Oil has delivered a set of remarkable earnings. Without fanfare, ExxonMobil Corp., Chevron Corp. and Shell Plc all did in the fourth quarter what...

06.02.2024 5

Bloomberg

Javier Blas

The World is Transitioning to American Oil From Saudi Crude

Picture the scene: Weeks after the world came together at the COP28 summit with a deal for “transitioning away from fossil fuels,” Saudi Arabia,...

30.01.2024 4

Bloomberg

Javier Blas

America Is Subsidizing Iran’s Fight Against America

President Joe Biden has promised to “hold all those responsible to account” after a series of weekend attacks against American troops in the...

30.01.2024 3

Bloomberg

Javier Blas

You'll Have to Pay to Use the Highway. Blame EVs.

When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind...

29.01.2024 10

Bloomberg

Javier Blas

Chevron Would Fit Better in Texas Than California

Chevron Corp. has a strong a sense of nostalgia about its home base of California. In an interview with Bloomberg Television last week, Chief...

23.01.2024 4

Bloomberg

Javier Blas

Commodity Giant ADM Must Act Fast to Restore Trust

Commodity traders live and breathe by a motto: My word is my bond. Trust is essential in an industry where a handshake still matters. And few things...

22.01.2024 4

Bloomberg

Javier Blas

BP Went For Continuity. It Needs a Revolution

By appointing its former finance boss as its new chief executive officer, British oil giant BP Plc went for continuity — but it needs revolution....

17.01.2024 10

Bloomberg

Javier Blas

A (Very) Early Look at the Oil Market In 2025

The 2024 oil market is still in its infancy, but attention is already shifting to 2025. If the global economy is starting to abandon its oil...

10.01.2024 4

Bloomberg

Javier Blas

It’s Finally Cold -- But for European Gas Traders, Winter Is Already Over

Winter is over. If you’re reading these lines early Monday in Europe, you probably think I’m crazy. Yes, I’m aware it’s frigid in most of the...

08.01.2024 5

Bloomberg

Javier Blas

A Land Deal Cranks Up the Tension in the Red Sea

The advertisement could read as follows: Landlocked country seeks a stretch of seacoast; payment for lease or purchase is negotiable, but cash is out...

03.01.2024 4

Bloomberg

Javier Blas

The Peak in Gasoline Demand Turns Out to Be a Mirage

After fueling the 20th century automobile culture that reshaped cities and defined modern travel, gasoline was supposed to begin its long goodbye this...

28.12.2023 7

Bloomberg

Javier Blas

Angola Quitting OPEC Is More Critical Than It Seems

The three most dangerous words in the oil market are “OPEC is dead.” The oil cartel’s obituary has been written many, many times — and always...

21.12.2023 3

Bloomberg

Javier Blas

OPEC+ Enters 2024 With `Wait and Hope’ as Its Strategy

Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and...

19.12.2023 20

Bloomberg

Javier Blas

Does COP28 Mark the Beginning of the End for Fossil Fuels?

The COP28 climate talks in Dubai ended on Wednesday with a deal that’s being heralded as both "historic" and a "lost opportunity,” as both...

13.12.2023 7

Bloomberg

Javier Blas

Occidental’s Debt Binge Leaves Investors Exposed to OPEC

When activist investor Carl Icahn set his sights on Occidental Petroleum Corp. in 2019, he denounced the company’s acquisitions as “little more”...

12.12.2023 3

Bloomberg

Javier Blas

Big Oil Shouldn’t Lead the Green Energy Transition

Oil and gas companies “ought to be leading the charge” in the green energy transition, says US Climate Envoy John Kerry. Putting aside the...

07.12.2023 3

Bloomberg

Javier Blas

BP Needs a Fresh Strategy, Not Just a New CEO

Oil giant BP Plc has been searching for a new chief executive officer to replace Bernard Looney for almost three months. The wait, even if unnerving,...

23.11.2023 4

Bloomberg

Javier Blas

Europe's Petrochemical Industry Is Heading for Death Row

The last time European petrochemical plants processed so little of their favorite feedstock, Sweden’s ABBA was the most popular band on the...

20.11.2023 30

Bloomberg

Javier Blas

Glencore Thinks Everyone Will See the Green in Coal

The last time commodity behemoth Glencore Plc tried to sell a stand-alone coal business to the public, its then chief executive officer claimed...

15.11.2023 3

Bloomberg

Javier Blas

The Lube That Greases the Economy Says Beware 2024

Draw a schematic diagram of the global economy, and one pictures a vast collection of cogs, gears, chains and pulleys — all labelled with national...

08.11.2023 3

Bloomberg

Javier Blas

Stuff Happens — War Makes Being Brave on Oil Risky

I instinctively fill up my car whenever war breaks out in the Middle East, yet it appears my better-safe-than-sorry anxiety is premature. Nearly a...

02.11.2023 2

Bloomberg

Javier Blas

The M&A Wave Coming to Family-Owned Oil in America

If you grew up watching the 1980s’ soap opera Dallas (like me), you would have been engrossed by the depictions of seemingly hard-driving...

01.11.2023 10

Bloomberg

Javier Blas

Is Natural Gas About to Become a Buyer’s Market?

For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices...

26.10.2023 2

Bloomberg

Javier Blas

Oil Megadeals Are Back. The Premiums Are Not.

Every M&A deal has two sides, with equally powerful motivations. In the oil industry, the incentive for ExxonMobil Corp. and Chevron Corp. — both of...

24.10.2023 3

Bloomberg

Javier Blas

In the World of Oil Sanctions, Venezuela Is No Iran

In late 2022, the US turned a blind eye on Iranian oil sanctions, allowing Tehran to quickly boost production and helping the White House contain...

20.10.2023 9

Bloomberg

Javier Blas

The US Needs to Refill its Dangerously Low Oil Reserves

Henry Kissinger called it “the economic equivalent of the Sputnik challenge.” Exactly 50 years ago today, the US found itself under economic...

17.10.2023 3

Bloomberg

Javier Blas

Peek Inside America's Largest Privately Owned Company

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

19.09.2023 2

Bloomberg

Javier Blas

Africa’s Economic Cure Has Become a Curse

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

18.09.2023 2

Bloomberg

Javier Blas

When Governments Carelessly Risk a Food Crisis

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

18.09.2023 3

Bloomberg

Javier Blas

BP’s Revolving CEO Door Is Beyond the Pale

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

13.09.2023 30

Bloomberg

Javier Blas

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