“When you shame oil and gas investors, dismantle oil and coal-fired power plants, fail to diversify energy supplies (especially gas), oppose LNG receiving terminals, and reject nuclear power, your transition plan had better be right.” -
#Aramco
CEO Amin Nasser
#oott
BREAKING:
@Nouriel
flips on
@cz_binance
after his session with
@novogratz
on stage at Abu Dhabi Finance Week: “He’s a walking time bomb and should be kicked out of this country… he shouldn’t be allowed to operate… he’s going to get worse than SBF.”
@CNBCi
I landed in
#Dubai
this morning. Before sunset on the same day, I’ve been given the results of my test and instructions for keeping others safe. Staff at
@emirates
and
@DXB
couldn’t be more professional. Impressive.
#UAE
#COVID19
@mohapuae
“Instead, as this crisis has shown, the plan was just a chain of sandcastles that waves of reality have washed away. And billions around the world now face the energy access and cost of living consequences that are likely to be severe and prolonged.” -
#Aramco
CEO Amin Nasser
“Freezing or capping energy bills might help consumers in the short-term, but it does not address the real causes and is not the long-term solution. And taxing companies when you want them to increase production is clearly not helpful.” -
#Aramco
CEO Amin Nasser
#oott
#energy
#BREAKING
: U.S. open to lifting terror sanctions against
#Iran
central bank, national
#oil
and tanker companies, as well as steel, aluminum and other sectors. Relief for textiles, autos, shipping and insurance also eyed -
@WSJ
“An entire continent essentially allowed a 16 year old girl to dictate their energy policy” -
@chamath
sharing hard truths on the European
#energycrisis
- via
@theallinpod
#ICYMI
I asked the former Prime Minister of Sweden
@CarlBildt
if he thinks Putin's regime can survive the war he started.
"My basic answer would be no," he said.
#Pakistan
FM
@BBhuttoZardari
tells me:
🚨Damaged crops will have a compounding effect on food prices, as inflation tops 25%
🚨UN appeal for $160m will be a “bare minimum” for rescue and reconstruction efforts
🚨Damage bill will likely cost beyond $10bn
Foreign Minister
@BBhuttoZardari
tells
@dan_murphy
floods have damaged “80 to 90 percent” of Pakistan’s crops, raising fears of a new price crisis as inflation tops 25 percent
ATM is unfair.
Gulf SWFs are increasingly sophisticated and strategic with their decisions to deploy capital. Major investments always serve an own goal.
Bottom line: The Mid East is the new smart money, and almost everyone wants a slice.
Our team got an all-access pass inside
#Aramco
this weekend. We went inside global HQ, its high-tech command centres, R&D labs, and the flagship Abqaiq plant. Looking forward to sharing some insights this week on
@CNBC
@aramco
@joanmuwahed
#oil
#ksa
ARAMCO: Net income for the second quarter of 2021 was SAR 95.47 billion ($25.46 billion) compared to SAR 24.62 billion ($6.57 billion) for the same quarter of 2020.
Emirates on
@HeathrowAirport
:
“LHR chose not to act, not to plan, not invest. Now faced with an “airmageddon” situation due to their incompetence and non-action, they are pushing entire burden – of costs and the scramble to sort the mess - to airlines and travellers.”
VP Harris should be leading the narrative on the evacuation and response in
#Afghanistan
, not smelling orchids and talking about China in Singapore and Vietnam. This looks off.
VP Kamala Harris takes a look at the orchid hybrid named for President Obama, which is displayed alongside the orchid named in her honor, in the Flower Dome at Singapore’s Gardens by the Bay.
I can’t go to the studio, so my cameraman Nick built me one... in my apartment! 👏 We’re taking
#WorkFromHome
to the next level over here. Great to be back
@CNBCi
The
@UN
says the security situation in northereastern
#Syria
is “highly volatile.” Casualties are growing and the humanitarian situation is deteriorating with at least 160,000 civilians displaced since the offensive began.
YIKES.
#Oil
is tanking again today.
#WTI
is down almost 15% right now at $15.70. Huge negative reaction unfolding. Limited upside catalysts in this environment.
#oott
"Easy monetary policy at the expense of inflation is not going to bring growth," Professor
@SelvaDemiralp
explains as
#Turkey
holds rates amid soaring inflation and
#Erdogan
prepares to head to the polls. $TRY
#Dubai
Tourism spokesperson tells me restaurants and hotels will remain open, but entertainment activities such as live bands, DJs and shows will be stopped. Decision is in response to worsening virus situation. No timeframe on resumption of activities.
ARAMCO: “While global market volatility and economic uncertainty remain, events during the first half of this year support our view that ongoing investment in our industry is essential.”
NOW:
#US
Futures hit limit down as Asia comes online. NZ stocks are already down 7 percent.
#Oil
is sliding - WTI is at $21.50 a barrel. Strap yourself in.
#BREAKING
: Russian central bank raises key rate to 20% to offset increased risks of Rouble depreciation and inflation, Governor Nabiullina to hold briefing at 1300 GMT today -
@CNBCi
#BREAKING
:
#Oil
prices collapsing in Asia trade as regional equities sink - WTI is down 8.5% and just holding on to $31. Brent back below $35.
#oott
#crude
#Emirates
is getting back to business: from May 21st, it will fly to London Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbourne.
Thrilled to join
@ColumbiaUEnergy
as a 2023 Energy Journalism Fellow and looking forward to meeting this talented team in New York in June!
#oil
#energy
We're excited to welcome the 2023 cohort of CGEP's Energy Journalism Fellows!
The seminar offers journalists the opportunity to learn about disciplines shaping the global energy sector, including:
📈 Finance & markets
🌡️ Climate change
🔬 Science & tech
📑 Policy
🌎 Geopolitics
“The world is running out of energy capacity at all levels,” Saudi Energy Minister Abdulaziz tells me as worries grow over a surge in product prices.
@WUCongress
#oott
#oil
SCA: Egypt expects “over $1bn dollars” in compensation for freeing the ship. General Rabei says if a compensation agreement can’t be reached, court proceedings will begin and the ship will be held in Egypt.
#EverGiven
We have a big exclusive for you 🔥 Our own
@_HadleyGamble
will speak with President Vladimir Putin LIVE from Russian Energy Week on October 13. Stay tuned!
@CNBC
#OIL
: WTI and Brent trade in opposite directions ahead of the Wall Street open. Here's the latest on the
#OPEC
+ cut and Europe's energy crisis.
#oott
#OIL
: "We believe current market positioning is overly pessimistic, considering that we expect larger oil inventory declines over the next few weeks." -
@staunovo
@UBS
“A second plane has hit the second tower,” Bush is told. “America is under attack.” It’s a moment that defined a Presidency... and changed the world.
#September11
#OIL
: "We expect that healthy consumers and solid summer demand for transportation and cooling will push the market in a sizable Q3 deficit of 1.3mb/d. We therefore expect Brent to rise to $86/bbl in Q3." -
@GoldmanSachs
This is a truly historic moment for the UAE and the Middle East.
Sultan Al Neyadi has made history as the second astronaut from the UAE to travel to space.
@_HadleyGamble
@uaespaceagency
A very measured response so far from
#SaudiArabia
and a quick restoration of output for
#Aramco
. No abrupt finger pointing. Government and company acting methodically and with transparency. Impressive strides.
#ARAMCO
: Net income $30.08 billion, DOWN from $48.44 billion for the same quarter in 2022.
"The decrease mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins."