Nicholas Lua @Nich_Lua
Oil Products Reporter at Bloomberg @business News | Usual disclaimers Singapore Joined October 2013-
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Nicholas Lua retweeted
.@NayaraEnergy, part-owned by @RosneftEN, tightened conditions for selling products after European Union imposed #sanctions, highlighting the fallout for the processor, its customers, and the wider market from the tougher restrictions. with @Nich_Lua bloomberg.com/news/articles/…
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Nicholas Lua retweeted
#Russian #energy giant #Rosneft’s plan to sell its stake in India-based Nayara Energy Ltd. may be imperiled by fresh restrictions from the European Union. With @Nich_Lua #sanctions #oil bloomberg.com/news/articles/…
Russian energy giant Rosneft’s plan to sell its stake in India-based Nayara Energy Ltd. may be imperiled by fresh restrictions from the European Union -- with the brilliant @journorakesh #oott Gift link: bloomberg.com/news/articles/…
Nicholas Lua retweeted
The British Conquest of Punjab A thread🧵
Nicholas Lua retweeted
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
Nicholas Lua retweeted
Tanker rates for vessels carrying refined oil products from the Middle East have surged in recent days, as the exchange of fire between Israel and Iran puts the flow of goods in the Hormuz Strait in the spotlight bloomberg.com/news/articles/…
Nicholas Lua retweeted
Egypt is becoming a long-term LNG importer to offset slowing local gas production 🇪🇬 ♥️ 🚢 💰 Egypt today finalized big LNG purchases for the next few years with suppliers ⚠️ This is a sharp turnaround for a country that until last year was exporting LNG bloomberg.com/news/articles/…
Nicholas Lua retweeted
The loopholes, waivers and workarounds are so, so large: Japan is taking delivery of a cargo of Russian crude oil via an oil tanker that's both sanctioned by the US and the EU. According to Tokyo, the US told Japan it can use sanctioned tankers to import oil from Sakhalin 2.
The loopholes, waivers and workarounds are so, so large: Japan is taking delivery of a cargo of Russian crude oil via an oil tanker that's both sanctioned by the US and the EU. According to Tokyo, the US told Japan it can use sanctioned tankers to import oil from Sakhalin 2.
Nicholas Lua retweeted
America supplies China with almost all of its ethane, a gas used to make plastics. It's making the most of that clout, @Nich_Lua writes bloomberg.com/news/newslette…
This trade war, China has rare earths, the US ethane. The gas that's a shale by-product has become an American bargaining chip. The US controls almost 100% of China's supply, and has asked exporters to apply for licenses it looks set to deny. #oott Link: bloomberg.com/news/articles/…
US ethane shipper Enterprise Products said US Commerce told the firm June 3 it intends to deny their application to export three ethane cargoes to China -- by @ilyaoverseas Enterprise was previously ordered to apply for a license by Commerce's BIS #oott
Nicholas Lua retweeted
COLUMN: Cartels have one raison d'être: push prices higher. OPEC is a textbook example. So why is Saudi Arabia driving oil prices down? Ostensibly, it’s about Kazakhstan and other OPEC+ cheaters. In reality, the reasons are much wider. #OOTT @opinion bloomberg.com/opinion/articl…
Nicholas Lua retweeted
Re-upping this @opinion column from Friday: "Systemic challenges will emerge from balancing increasingly renewable-dominated grids" It's time to discuss how electrifying everything comes with plenty of risks of its own. #Spain #SpainBlackout #Apagon bloomberg.com/opinion/articl…
Nicholas Lua retweeted
Let's call it: The first big blackout of the green electricity era (Below my notes from the conference call the Spanish grid operator held earlier today with reporters. I added extra information from my initial post, and corrected a location: it was the south-west). 🧵1/2
Chinese plastics plants are importing LPG from Canada for the first time since 2022 in another example of how the trade war is rerouting global flows -- #oott
Nicholas Lua retweeted
US President Trump promises to protect American farmers from the impact of the trade war. But he doesn't announce any $$$ (let alone a plan). Last month, I wrote this @opinion column about trade wars and American farming. Spoiler: farmers always lose: bloomberg.com/opinion/articl…
US President Trump promises to protect American farmers from the impact of the trade war. But he doesn't announce any $$$ (let alone a plan). Last month, I wrote this @opinion column about trade wars and American farming. Spoiler: farmers always lose: bloomberg.com/opinion/articl…
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