Dr. Yousef M. Alshammari FEI CSci
@YAlshammari
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President @LCEconomics_ | Sr Res Fellow @ImperialCollege | Expert @UNECE | UK Chartered Scientist |Fellow @EnergyInstitute | OPEC Best Young Energy Professional
London, UK
Joined April 2011
What’s happening with oil markets? Oil prices have been on the rise since last week rebounding from nearly $73 (Brent) to above $81 today for the first time since October last year, despite strengthening dollar 💵. The United States 🇺🇸 has imposed a a set of new sanctions on Russian oil exports hitting two major oil producers, Gazprom Neft and Surgutneftegaz in addition to 183 vessels that have shipped Russian oil that will likely remove one million barrels of oil a day. Since the start of the Russian Ukrainian war, the US has been cautious on takin any measure that can lead disruption in supply of oil from Russia, using alternative measures including price cap that may deter Russia’s to finance its war. Yet these are new measures being taken in the final days on the current administration. The Trump administration is also expected to take a tougher approach towards Iranian oil that is expected to remove at least 300k bpd of Iranian oil exports this year, according to Goldman Sachs. Combined with that OPEC+ decision December last year, has taken several measures to tighten supply delaying easing of voluntary cuts until April this year, while extending almost 3.67 million bpd till the end of 2026. China 🇨🇳 this year is targeting 5% growth and it’s taking various measures to stimulate the economy including raising the debt ceiling that is likely to support global demand this year, expected to be between 1-1.4 million bpd. We also see OPEC+ exports decreasing suggesting better adherence from its members towards their quotas. In a recent interview with @BloombergTV , I had pointed out that prices are likely to be in the $80 range and this is what we are seeing now which reflects that 2025 may look different compared to the previous year in terms of supply demand dynamics. Full inteview: @LCEconomics_
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RT @business: President Donald Trump’s executive order to end so-called birthright citizenship was blocked indefinitely by a fourth federal…
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RT @OilandEnergy: Oil bounces off today's lows as Ukraine peace talks continue and the Gaza ceasefire holds. WTI crude is down 10% over th…
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RT @kingsalmanfdn: "لقد وضعت نصب عيني مواصلة العمل على الأسس الثابتة التي قامت عليها هذه البلاد، والسعي المتواصل نحو التنمية الشاملة المتكا…
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RT @spagov: بتوجيهات من سمو #ولي_العهد.. وزارة الداخلية تعلن استحداث إدارة عامة للأمن المجتمعي ومكافحة جرائم الاتجار بالأشخاص ترتبط بالأمن…
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RT @SPGCIGas: How will President Trump's administration impact the US-China relationship in the LNG market? Will LNG's strong demand growth…
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RT @FT: In case you missed it: The UK economy unexpectedly grew by 0.1% in the fourth quarter, in a modest boost for Labour as it seeks to…
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RT @OilandEnergy: Europe’s natural gas crunch worsens: storage at just 49%, LNG prices near 2-year highs, and Russian pipeline flows down 9…
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RT @SkyNews: BREAKING: Trump says he will visit Russia and host Putin as war negotiations to start 'immediately'
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RT @FT: Just in: US inflation unexpectedly increased to 3% in January, bolstering the case for the Federal Reserve to proceed slowly with i…
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RT @SkyNews: "I think we're on the way to getting peace." US President Donald Trump is speaking after a 90-minute call with Russia's Presi…
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Breaking news: The US president said the two leaders had also agreed to work together and visit each other’s nations. Trump added that he would inform Ukrainian President Volodymyr Zelenskyy of their call
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RT @FT: Breaking news: The US president said the two leaders had also agreed to work together and visit each other’s nations. Trump added t…
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RT @OilandEnergy: Britain has the highest industrial electricity costs in the world—while France thrives on nuclear. SMRs could change that…
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RT @OilandEnergy: Global coal demand hit a record high in 2024, defying forecasts of a plateau. Emerging Asian economies, led by China & In…
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RT @VandanaHari_SG: Gas demand in India reached an inflection point in 2023-24 with >10% growth, IEA says in new report released at @IndiaE…
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RT @MoEnergy_Saudi: Key highlights from the participation of the Assistant Minister of Energy for Electricity Affairs in the 8th General Co…
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