I don’t know what’s more worrying, President’s Putin and Xi figuratively sticking one or two fingers up to the West, especially given what’s happening in Ukraine today, and what could happen tomorrow in Taiwan, or once again leaving the financial system to the central bankers, battling still untamed global inflation by yet again raising interest […] The post Not tango, contango! appeared first on Cazbaa Energy ..read more

The financial markets were given a huge jolt at the end of last week by the speed of U.S. tech bank, Silicon Valley Bank’s (SVB) collapse. It was the second largest bank default in U.S. history, only behind that of Washington Mutual in the financial crisis of 2008, and that took the best part of […] The post The Conundrum! appeared first on Cazbaa Energy ..read more

As the conflict in Ukraine appears to be flaring up again, as missiles are launched against energy and city targets, there’s certainly a couple of areas related to the conflict beating a retreat, but sadly it’s not the sound of Russian tanks and boots. The retreat is more visible in the oil and gas markets […] The post Retreat! appeared first on Cazbaa Energy ..read more

It’s difficult for me not to recognise the significance of the first anniversary of Russia’s invasion of Ukraine. I try to have a balanced view of most things, but I just feel any war that results in such death and destruction is so difficult to fathom, least understand in the modern era, and especially in […] The post A year of death, destruction and change! appeared first on Cazbaa Energy ..read more

You might not all have heard of Centrica, but they own the most recognised natural gas retail supplier in the UK, namely British Gas. They became headline news here this week, as have other energy companies in recent months, by posting what some have described as obscene profits, tripling to over £3.3 billion for 2022, […] The post It’s “Big, Bad Oil” again! appeared first on Cazbaa Energy ..read more

It’s been a difficult week for me, tuned into the BBC news service, and having to look at what’s going on, both to the north and south of the Black Sea, tragically in Turkey and Syria to the south following the horrendous earthquake, and Ukraine to the north. As I watched President Zelensky arrive in […] The post Sanctions, jets or another brick in the wall? appeared first on Cazbaa Energy ..read more

For me this has been quite a week of significantly large price movements, both for the LPG market in Asia and for U.S. natural gas. I’ve said it many times before how the price of $4/ MMBtu at Henry Hub always felt like it was a given in the market, so it feels awkward talking […] The post It’s been one of those rollercoaster weeks! appeared first on Cazbaa Energy ..read more

The oil markets are hugely influenced by the macro-economic world, although I’m not saying LPG traders have yet to throw away their tabloid newspapers for the Financial Times, but it’s a growing trend. What they’re starting to pick-up is an increasing cheer, some may even say joy, especially when the focus is on the U.S., […] The post No more down a slippery slope, freight levels are back up! appeared first on Cazbaa Energy ..read more

This week has seen the appointment of Sultan Ahmed al-Jaber as President of this year’s United Nation’s COP 28. His job will be to structure the Conference’s agenda, and he has already said that this is a “critical year in a critical decade for climate action”. That’s certainly true, especially after twelve months in which […] The post It’s feeling more like poker every day! appeared first on Cazbaa Energy ..read more

I think we’re all pretty much in agreement that 2023 will have more bearish undertones than last year. The focus of course will be on demand, impacted by degrees of recession, inflation and likely interest rate hikes, as we measure where we are today versus where we’ll end-up by another Christmas, only twelve months away. […] The post A new dawn, a new equilibrium! appeared first on Cazbaa Energy ..read more