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Javier Blas is reporting on developments in the oil market amid tensions between Iran and Israel. Iranian oil production and exports have surged to a 7-year high, despite the conflict. The Strait of Hormuz, a key oil shipping route, has seen normal traffic and no disruptions to oil loading.
Social category influence finance #2716 countries stocks #5077 travel destinations cryptocurrencies technology brands automotive brands
Social topic influence donald trump #1912, $bp, white house, inflation #129, beef #137, yemen, hormuz, tariffs #1095, saudi arabia #198, debt
Top assets mentioned BP p.l.c. (BP) MyShell Token (SHELL) Alphabet Inc Class A (GOOGL) Occidental Petroleum Corporation (OXY) EOG Resources Inc (EOG) Realio Network (RIO) Rio Tinto plc (RIO)
Top posts by engagements in the last XX hours
"COLUMN: If not BP does Shell need to buy a rival "Looking to 2030 and beyond it does feel like Shell needs to buy something or someone." #OOTT $SHELL @Opinion" @JavierBlas on X 2025-06-30 07:55:26 UTC 324.4K followers, 17K engagements
"BREAKING: U.S. President Donald Trump said he planned to implement a XX% tariff on copper (a.k.a another massive tax on the American economy)" @JavierBlas on X 2025-07-08 17:21:35 UTC 324.4K followers, 228.7K engagements
"COLUMN: British oil giant BP is hiring a new chair. What's needed to do the job well By far the best explanation of what it takes came from Robert Horton who in 1992 explained why he was the best person to chair the board of directors: #OOTT $BP" @JavierBlas on X 2025-07-08 18:26:20 UTC 324.4K followers, 27K engagements
"OPEC publishes its annual World Oil Outlook predicting demand will continue to increase until 2050 (reaching XXX million b/d from 103.7m b/d last year). The view is an outliner within the industry. Even Exxon sees oil demand plateauing soon. #OOTT" @JavierBlas on X 2025-07-10 10:05:34 UTC 324.4K followers, 44K engagements
"As oil prices plunge Saudi Aramco tanks. The Saudi state-run oil giant trades at a fresh 5-year low of XXXXX riyals a share (vs IPO price of XX riyals in Dec 2019) implying a market capitalisation of little more than $XXX trillion #OOTT" @JavierBlas on X 2025-06-24 07:10:15 UTC 324.4K followers, 36.1K engagements
"First shale company to U-turn on plans to reduce drilling Coterra Energy which earlier this year said it would cut its Permian oil rig count to X now says it plans to keep it flat at X. We've decided we're just going to steady as she goes CEO Thomas Jorden says #OOTT" @JavierBlas on X 2025-06-24 17:01:01 UTC 324.3K followers, 96.8K engagements
"The gap between what policymakers (and above all their staff) say in public and in private about climate change is growing and growing. "Obviously I would never say that in public" is becoming the end part of many conversations" @JavierBlas on X 2023-07-18 14:16:31 UTC 324.4K followers, 260.3K engagements
"The Houthis of Yemen have blown up their 2nd ship in four days. The dry bulk carrier 'Eternity C' sunk today in the Red Sea according to a top diplomat of the Philippines (most of the crew members are national of the Asian nation) Details here:" @JavierBlas on X 2025-07-09 12:17:19 UTC 324.3K followers, 71K engagements
"I must admit I had to google search "Heard and McDonald Islands" to verify they were real. They are very real: an external territory of Australia. Among the most remote places on Earth and uninhabited. And yet named and shamed on the White House tariff list with a 10%" @JavierBlas on X 2025-04-02 22:12:17 UTC 324.4K followers, 252.2K engagements
"The pressure this month on the "OPEC secondary sources" is quite strong. Effectively Riyadh is trying to mask a large output hike in June. It reminds me of an episode in 2010 when KSA kept a 1m b/d hike secret as recounted see below by a top Saudi oil official #OOTT 1/4" @JavierBlas on X 2025-07-11 12:36:26 UTC 324.4K followers, 51.7K engagements
"CHART OF THE DAY: Flipping burgers this summer Prepare for a price shock: beef is now the epicentre of food inflation. Cattle prices have surged to a record high accelerating a rising trend that started in the mid-2000s. My @Opinion column:" @JavierBlas on X 2025-07-14 12:20:24 UTC 324.4K followers, 71.6K engagements
"Riyadh argues some June extra barrels weren't "supplied" to the market but put into storage outside the kingdom (in case of Hormuz closure). But reporting "supply-to-market" instead of "wellhead production" isn't consistent with OPEC's own decades-old methodology #OOTT 2/4" @JavierBlas on X 2025-07-11 12:36:26 UTC 324.3K followers, 2324 engagements
"Yes those British beef steaks are rather expensive. So are the burgers. UK beef and veal inflation at XX% annual rate Less supply + healthy demand = much higher prices #CPI #inflation Link in reply" @JavierBlas on X 2025-07-16 07:27:01 UTC 324.4K followers, 33.5K engagements
"And another: Norwegian aluminium Norsk Hydro ASA will halt funding for its battery and green hydrogen businesses and phase them out over time due to challenging market conditions" @JavierBlas on X 2024-11-27 07:17:39 UTC 324.4K followers, 125.9K engagements
"Wait a second what about "maximum pressure" oil sanctions "China can now continue to purchase Oil from Iran" -- US President Donald Trump #OOTT #Iran" @JavierBlas on X 2025-06-24 13:22:26 UTC 324.4K followers, 90.8K engagements
"Just a reminder that: OPEC+ is boosting oil production non-stop US output set fresh all-time highs in 2025 The White House wants lower oil prices The Saudis tactically agree with the White House We all know how this ends. Even those who are bullish know it #OOTT" @JavierBlas on X 2025-07-05 11:22:30 UTC 324.4K followers, 179K engagements
"Exxon vs Chevron arbitration on Guyana is imminent. The outcome will reshape Big Oil: at stake is Chevron's $60-billion acquisition of Hess and access to one of the world's most important oil discoveries. Background in this @Opinion column from 2024" @JavierBlas on X 2025-07-16 14:09:20 UTC 324.4K followers, 17.7K engagements
"The kingdom is also making the case that its domestic demand was higher in June. But that's irrelevant. OPEC quotas are not netted against local consumption. The market well knows that KSA demand rises over the summer and Hajj and accordingly expects lower oil exports #OOT 3/4" @JavierBlas on X 2025-07-11 12:36:27 UTC 324.3K followers, 13.1K engagements
"In XX years covering the oil market I have never seen anything like this: OPEC has widened its media ban this time excluding the WSJ NYT FT Reuters and Bloomberg (including myself) from attending its biennial industry conference in Vienna. #OOTT" @JavierBlas on X 2025-07-09 21:14:43 UTC 324.4K followers, 277.2K engagements
"Kurdistan authorities say 200000 b/d of oil output has shut down after five attacks with drones against oilfields operated by foreign companies in the semi-autonomous region of northern Iraq. The region's oil industry association confirms widespread shutdowns too #OOTT" @JavierBlas on X 2025-07-16 18:10:14 UTC 324.4K followers, 27.3K engagements
"Mexico accounts for six-in-ten tomatoes eaten in the U.S. (and importing them had a cost of $X billion last year) 🍅🥫" @JavierBlas on X 2025-07-14 21:58:37 UTC 324.4K followers, 30.5K engagements
"*TRUMP: HOPE TO GET OIL DOWN A LITTLE MORE *TRUMP: $XX A BARREL OIL PRICE 'IS GREAT' #OOTT" @JavierBlas on X 2025-07-16 16:17:52 UTC 324.4K followers, 32.6K engagements
"OIL MARKET: After meeting President Trump in Mar-a-Lago Alberta Premier Danielle Smith says Canada should prepare for XX% tariffs starting on Jan XX on all US-bound products including on crude oil. "I'm not expecting any exemptions" she told reporters #OOTT #Canada" @JavierBlas on X 2025-01-13 15:45:20 UTC 324.4K followers, 1.7M engagements
"COLUMN: It should be one of the most coveted jobs in the City of London: chairing BP. Finding a candidate though is proving tricky. An honest description of the role should read something like this: $BP #OOTT @Opinion" @JavierBlas on X 2025-07-08 07:55:44 UTC 324.3K followers, 17.8K engagements
"COLUMN: Flipping burgers on your barbecue this summer Prepare for a price shock: beef is now the epicentre of food inflation. #OATT #beef #foodinflation @Opinion" @JavierBlas on X 2025-07-14 07:55:10 UTC 324.4K followers, 16.4K engagements
"Oh dear dear Saudi Arabia ramped up crude production to XXX million b/d in June well above its OPEC+ quota according to @IEA (matching what I have heard from traders and tanker trackers). (Saudi was the 2nd largest OPEC cheater in June after Kazakhstan) #OOTT" @JavierBlas on X 2025-07-11 08:10:07 UTC 324.4K followers, 75.7K engagements
"Good to see some American oil bosses have a spine: "We dont have an energy direction right now" Occidental Petroleum CEO Vicki Hollub said. "We have a lot of great ideas. We have a lot of people wanting to do things. But we need a plan." #OOTT" @JavierBlas on X 2025-04-25 06:35:19 UTC 324.3K followers, 46.1K engagements
"The power of an asterisk (*) and footnote: Saudi Arabia tells OPEC it produced 9.75m b/d in June (that's 390000 b/d above its quota of 9.36m b/d). In a rather unusual move (I have never seen a similar asterisk) OPEC noted that Riyadh's "supply-to-market" was lower #OOTT" @JavierBlas on X 2025-07-15 12:08:00 UTC 324.4K followers, 25.7K engagements
"Commodity trader Glencore announces $X billion buyback program backed by the value of its shares in rival Bunge (post sale of Viterra to Bunge which closed today) of $XXX billion at current prices. Glencore says it views its shares in Bunge as "representing surplus capital."" @JavierBlas on X 2025-07-02 15:18:25 UTC 324.4K followers, 22.7K engagements
"BIG OIL 1Q EARNINGS: Oh dear Lord BP opens the quarterly season with a huge miss (and that's after consensus came down XX% in three months) even more debt than expected and buybacks at the very low end of guidance. #OOTT $BP" @JavierBlas on X 2025-04-29 06:07:01 UTC 324.3K followers, 58.2K engagements
"@NadiaInBC @opinion XXX% agree. Very tough business. We're blessed with farmers and ranchers who are taking massive personal financial risk -- every season (My grandfather grew wheat and barley and the farm remains in the family's hands)" @JavierBlas on X 2025-07-14 13:20:56 UTC 324.4K followers, XXX engagements
"First olive oil prices exploded to a record high. And now cocoa prices are nearing a 44-year high and sugar prices have risen to a 12-year high" @JavierBlas on X 2023-09-19 08:47:09 UTC 324.3K followers, 146.5K engagements
""Initial hedging reports state that 200-250 million barrels of hedges from 2H25 through 1Q27 were placed by US shale producers during the brief price spike associated with the Iran-Israel conflict in June providing additional price certainty to some producers" - @IEA #OOTT" @JavierBlas on X 2025-07-11 09:14:40 UTC 324.4K followers, 27.3K engagements
"Before the outage hit Spain was running its grid with very little dispatchable spinning generation and therefore no much inertia. Solar PV/thermal + wind: XX% Nuclear: XXXX% Co-generation: X% Gas-fired: X% (less than 1GW) Snapshot at 12.30pm local time (outage was 12.35pm)" @JavierBlas on X 2025-04-28 14:09:40 UTC 324.4K followers, 2.1M engagements
"When about two weeks ago my colleague @MathisWilliam got the scoop that Ed Miliband was leaning toward rejecting "zonal pricing" for electricity the UK Department of Energy Security and Net Zero said it was "categorically untrue." Today Ed Miliband has rejected zonal pricing" @JavierBlas on X 2025-07-10 12:23:58 UTC 324.3K followers, 25.5K engagements
"Reading the White House and the Kremlin statements on the US-Ukraine-Russia talks it's clear the first sanctions lifting since the war started will benefit Rosselkhozbank (state-owned Russian Agricultural bank). US likely to lift sanctions on it including SWIFT reconnection" @JavierBlas on X 2025-03-25 16:44:58 UTC 324.4K followers, 25K engagements
"OIL MARKET: New record high for US oil production @EIAgov estimates US total oil liquids at 20.826m b/d in April using monthly data (vs 20.468m b/d figure estimated for April using weekly data). Crude came inline but NGLs were revised up a lot #OOTT 1/2" @JavierBlas on X 2025-06-30 14:34:49 UTC 324.3K followers, 26K engagements
"SHALE CONSOLIDATION: Shale giant EOG Resources expands from its Permian / Eagle Ford heartland into the Utica basin acquiring Encino for $XXX billion including debt #OOTT $EOG" @JavierBlas on X 2025-05-30 13:32:55 UTC 324.3K followers, 11.9K engagements
"Maana maana President Donald Trump said Monday he would punish Russia with tariffs if there isn't a deal to end the war in Ukraine within XX days #OOTT" @JavierBlas on X 2025-07-14 15:32:59 UTC 324.4K followers, 25.6K engagements
"The Houthis of Yemen have released a propaganda video of their attack (and sinking) of the bulk carrier ship 'Magic Seas on Sunday in the Red Sea. It's both very concerning and rather spectacular (they attached multiple explosives to her hull) #Houthis" @JavierBlas on X 2025-07-08 19:00:52 UTC 324.4K followers, 237.8K engagements
"BREAKING: Mining giant Rio Tinto promotes its head of iron ore Simon Trott as new CEO (iron ore is the biggest money maker at Rio) $RIO" @JavierBlas on X 2025-07-15 06:36:16 UTC 324.4K followers, 23.1K engagements