Gracias a 📻@radio5_rne y @joseluis_duenas por la invitación a discutir los recientes acontecimientos geopolíticos 🌎 en Oriente Medio y su impacto en el precio del petróleo🛢
@RystadEnergy
(Minuto 14)
https://t.co/TIh89m49RJ
Vienna, we have a problem: OPEC+ compliance hits three-year low. Jorge Leon, @RystadEnergy's Senior Oil Market Research VP shares his analysis in @TheEconomist. 👏
https://t.co/aVLZBBVU29
Today Jorge Leon, Senior Oil Market Research VP at @RystadEnergy, in an interview on @AsharqBusiness to discuss oil prices ahead of the crucial OPEC+ Ministerial meeting on 1 June. ⚡️
Full interview here: https://t.co/PXBm61VuiC
#Oilprices#OPEC#RystadEnergy
🚨 Israel strikes back: is this a temporary blip or the start of a new escalation?
Here is @RystadEnergy's breaking news oil market update from senior VP @jorgeleonEC 👇🧵
Our team at @RystadEnergy monitors the impact of global events on the energy industry. Senior VP @jorgeleonEC is closely following the Middle East situation and its effects on the oil market. He shares his views on @TheEconomist's latest article.
https://t.co/03nweQuf8m
Jorge León, senior vice-president for oil and energy research at Rystad Energy: “We have seen many energy intensive industries closing down in Europe because of the high energy costs. This is a broad macroeconomic environment where things are not looking great, where output is decreasing. Our declining emissions reflect that.”
'The Government’s own statistics show that the sector experiencing the biggest decline in energy use is UK industry. In 1970 when the UK still had its own steel and other heavy industries, energy equivalent to 65m tonnes of oil was consumed. By 2022 that had plummeted by two-thirds to 22m tonnes.'
https://t.co/j4OK6QecgB
‘If something can’t go on forever, it will stop. When considering the energy outlook, one must make sure to think deeply about what may make us stop and get on to a sustainable pathway.’ – Spencer Dale @bp_plc
https://t.co/A1yMPv4CkL
#NewEnergyWorld#SteinsLaw#IEWeek
Our Senior Oil Analysts are having a successful IE Week agenda in London. 🇬🇧 Here an article published after an insightful conversation between @jorgeleonEC, Senior VP Oil Market Research at @RystadEnergy and Jonathan Leake, Energy Editor at @Telegraph. https://t.co/Y46QPY7HPN
We are on @BBCNews: "If nothing goes wrong, we're looking at a balanced market, with prices hovering around $80 a barrel. But that's a big if," says @jorgeleonEC, senior vice president at research firm @RystadEnergy.
#IEWeek#OilMarkets#RystadEnergy
https://t.co/ydNNowxM4n
Rystad Energy’s @jorgeleonEC on the BBC:
“If nothing goes wrong, we're looking at a balanced market, with prices hovering around $80 a barrel. But that's a big if.”
Will global energy prices fall this year? https://t.co/mk0LTr0xIZ
#OPEC+ meetings are always exciting time (particularly for me as #OPEC alumnus). A long afternoon, with rumors, numbers flying and a lot of information.
My summary: ⚠️Lollipops 🍭 and a surprise Brazilian treat fail to sweeten the 🛢️oil market ⚠️
@Laura @Elliot@Rystad
7️⃣🇧🇷 joins the OPEC+ alliance in 2024. Brazil is the eighth-largest oil producer globally, producing around 3.6 million bpd. Adding Brazil’s production to the group will take OPEC+’s global market share to more than 60% 📈, returning it to 2018 levels.
5️⃣The 🇸🇦 Kingdom won the backing of some OPEC+ members to contribute to cuts into next, but others remain opposed.
6️⃣The new cuts will turn the market into a small deficit in 1H24 and prices 🏷️will hover between $80 and $85 per barrel in the coming months.