Rich nations exceeded their commitments on climate finance in 2023-24, says the OECD www.argusmedia.com/en/news-and-...

Adnoc CEO sees long road back to pre-war situation. Also talks investment and Opec www.argusmedia.com/en/news-and-...

Listen to/read this important podcast by @akshatrathi.bsky.social to understand how ignorance of or ideological opposition to the science of climate change gets dressed up as maverick open-mindedness by the far right

there's an eye-opening bit in this about Bicester village being a Chinese laundromat

Today is the first day the UK has ever had a ban on imports of oil products refined in third countries from Russian crude. There is also a waiver for diesel and jet. So kudos for being able to both tighten and loosen sanctions on the same day. Truly a Third Way.

Get electrified. Incoming Cop president says global pace of electrification should urgently increase www.argusmedia.com/en/news-and-...

Norway considering raising the mandatory level of diesel/jet inventories to 90 days of consumption. Country is the only IEA member outside north America that doesn't have to hold 90 days' worth of stocks, as it is a net exporter www.argusmedia.com/en/news-and-...

Iran setting up structures to tighten control over shipping in and around the strait of Hormuz. A maritime authority will manage navigation, and a new platform will offer "secure digital insurance for maritime cargo" for Iranian vessels transiting it. www.argusmedia.com/en/news-and-...

latest OFAC Iran sanctions includes a company called Science Obedient International, which is based in London ofac.treasury.gov/recent-actio...

At some point in the next 14 to 17 years you'll be able to get a slightly faster train from Euston to Birmingham www.gov.uk/government/s...

DISCOURSE INTERVENTION> I have a pan and a hob and Delia's instructions for cooking rice and nothing ever goes wrong.

"replacing lower-value human capital" is an interesting turn of phrase www.wsj.com/livecoverage...

energy.ec.europa.eu/news/eu-cont... EU says fuel constraints could arise in the next weeks, with jet fuel being the primary concern. Says emergency stocks can be released if needed, but there will be the need to match this with fuel-saving measures

Yikes

🚀

whaddyaknow, Germany's tax cut on road fuels prompted vastly higher demand. Clearly this is unsustainable at a time when, to cite the IEA, "disruptions to shipping through the Strait of Hormuz are depleting global oil inventories at a record pace" www.argusmedia.com/en/news-and-...

Iran says diplomacy and negotiation are continuing through Pakistan www.argusmedia.com/en/news-and-...

"No lube with Trump" should be a Democrat mid term rallying call

The effects of oil-price containment measures are about to wear off in Europe. Crude prices for delivery 1-2 months from now are at premiums to those for prompt delivery. It may not be as bad as March. But there's price pain ahead. www.argusmedia.com/en/news-and-...

The UAE is speeding up construction of infrastructure that will allow it to bypass Hormuz. Should this have happened years ago? Possibly, but Manchester City wasn't going to fund itself www.argusmedia.com/en/news-and-...

Le Total bashing. giftarticle.ft.com/giftarticle/...

all I'm saying is if you're after someone who can wear a good suit, beat up the baddies, deliver a quip *and* get the girl then Jason Statham is right there and has been for years

The effects of oil-price containment measures are about to wear off in Europe. Crude prices for delivery 1-2 months from now are at premiums to those for prompt delivery. It may not be as bad as March. But there's price pain ahead. www.argusmedia.com/en/news-and-...

Diesel imports to northwest Europe in April were the lowest in a decade and May doesn't look any better www.argusmedia.com/en/news-and-...

A look here at how Iranian crude oil production is holding up. www.argusmedia.com/en/news-and-...

Is it Ice-T's Bitches 2?

This is the 10 minute oil change guy

very much worth a read this month

The stars align today with the Opec monthly oil market report out later, allowing for a same-day comparison of the two institutions' view of things

The IEA sees a sharp 2026 oil demand contraction, but not enough to make up for the lost supply. Rebuilding the consequent stock draw will require around an extra 1mn b/d of supply for three years on top of underlying demand growth, *assuming Hormuz opens in June* www.argusmedia.com/en/news-and-...

UK to contribute drones, jets and warship to Multinational Mission to secure the Strait of Hormuz* *when conditions allow www.gov.uk/government/n...

Gas Station Price Sign Using Scientific Notation

Sting: 🎵who closed the last shipyard? 🎵 Shaggy: It wasn't me

"Make the CEO of Warhammer/GamesWorkshop change his legal name to James Workshop" https://petition.parliament.uk/petitions/768964

A peace deal appears to have been secured in a long-running enmity that has shaken oil markets. Yes, the IEA is once more welcome at Opec HQ

Iran: we're being reasonable. Generous, even. www.argusmedia.com/en/news-and-...

Here's the Argus Media assessment of Opec/Opec+ production in April, the last to include the UAE. www.argusmedia.com/en/news-and-...

Trump reaction to Iran's proposals www.argusmedia.com/en/news-and-...

Viz has always been ahead of the discourse

Wild. A one-party state falls.

I wish Trump would cease firing off these posts, even if only for a few days. That's a ceasefire we all deserve

Barclays: 85% of the cumulative increase in oil inventories globally last year has already been reversed

EU says no barriers to using US-spec jet fuel www.argusmedia.com/en/news-and-...

Lots going on in 3 pars here. Iran says it's seized an oil tanker carrying Iranian oil that was loaded offshore Oman. The tanker is sanctioned by the US for doing business with Iran. www.argusmedia.com/en/news-and-...

Huge if true. Ocean Koi is sanctioned by the US for being part of the Iranian fleet home.treasury.gov/news/press-r...

JET! European flying fuel premiums to gasoil and to crude are the lowest since the day before the war. Outright prices are the lowest since the first week of the war, but that's still very very high www.argusmedia.com/en/news-and-...

on the Shell 1Q analysts call. Haven't done one of these in a while, when did they start looking like a mid-morning ITV magazine show?

JET! European flying fuel premiums to gasoil and to crude are the lowest since the day before the war. Outright prices are the lowest since the first week of the war, but that's still very very high www.argusmedia.com/en/news-and-...