Hints and tips:
...S&P ranks BP’s long-term credit as A minus compared with Shell’s A plus, raising the cost of financing for the company....
...“It’s hard to see how you renew a contract that neither side believes the other has honoured, let alone in a middle of a war between the two parties,” said Laurent Ruseckas, an analyst at S&P Global Commodity...
...Britannia P&I said the owner of the Yasa Golden Dardanelles had confirmed the vessel was operating “in compliance with the price cap”, but did not respond to any follow-up questions....
...Ørsted, the world’s largest offshore wind developer, has been threatened with a downgrade by credit rating agency S&P after taking huge writedowns on its US projects this week.S&P Global Ratings said it...
...Ørsted, the world’s largest offshore wind developer, has been threatened with a downgrade by credit-rating agency S&P after taking huge writedowns on US projects it abandoned this week.S&P Global Ratings...
...The Houthi rebels, who have controlled large parts of Yemen since 2014, have threatened to target any vessels heading to Israeli ports, according to S&P Global Commodity Insights....
...The S&P 500 Energy index, in contrast, is up 11 per cent over the same period. Additional reporting by Mary McDougall...
...“If we go into the autumn with demand rising and supply tight, that will continue to have upward pressure,” said Daniel Yergin, vice-chair of S&P Global....
...I believe that David Sheppard’s opinion piece should not be entitled “Oil megadeals usher in an age of energy uncertainty” but rather “Oil megadeals continue an age of energy stupidity” (Markets Insight,...
...US exporters have signed contracts for future supply amounting to more than 70mn t/y since the start of 2021, according to S&P Global....
...The market needs 10-15 large final investment decisions this year to generate confidence that the fuel is primed for rapid growth, says S&P. (Amanda Chu) 4....
...Prices remain elevated compared with historical levels of about €10-€30 euros p/mwh but are no longer threatening to trigger a prolonged and deep recession across Europe....
.... - Tom P.S. Have we reached peak coal? Read to the end....
...That fell to 13 per cent last year, according to S&P Global Commodity Insights, while the US became the EU’s biggest supplier of LNG with a 45 per cent share....
...As the Saudis and other producers cut crude exports between May and the end of the year, demand for the kind of oil sold by Russia will increase, says Roger Diwan, a veteran Opec-watcher at S&P Global Commodity...
...Talos Energy appointed John Spath as the company’s executive vice-president and head of operations on Friday after the offshore E&P terminated its contract with Robert Abendschein....
...“It wasn’t just meant to cause pain in Europe for its own sake it was designed to change European policy,” said Laurent Ruseckas, executive director at S&P Global Commodity Insights....
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
...It was not possible for P&I providers to guarantee cover even in the case of a sanctions breach, the group said in a statement by one of its members....
...The UK is the global leader in P&I insurance, writing 60 per cent of global cover....
...“We basically are going from zero energy demand growth in 2022 [in China] to about 3mn b/d equivalent energy demand across the fuels next year,” said Dan Klein at S&P Global Commodity Insights....
...Laurent Ruseckas, at S&P Global Commodity Insights, said that while Azerbaijan could increase gas exports to Italy and Bulgaria marginally in the short term, substantial additional volumes would require...
...“They openly used their energy, their gas, as a weapon — and it basically told the EU that it could use energy as a weapon against them,” says Diwan of S&P....
...The S&P 500 did not fall by more than 10 per cent, but climbed over 20 per cent (though driven mostly by just seven tech stocks)....
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