Best in Energy – 27 March 2023

Iraq to control oil exports from Kurdish region

EU plan to diversify critical materials sourcing

Recycling and the availability of critical metals

U.S./China compete to control undersea cables

Australia LNG exports and domestic customers

Aramco to boost low-sulphur distillate exports

China boosts coal output to cut import reliance

Iran’s leaders debate change from above ($FT)

Russia’s shadow tanker fleet raises risk ($BBG)

Russia’s diesel exports hit record high ($BBG)

China’s contract exporters struggle ($FT)

Oil price fall accelerated by hedges ($WSJ)

Oil price rebound – delayed? ($BBG)

Iraq’s oil output growth has stalled

EUROPE has made an early start refilling gas storage ahead of winter 2023/24. Storage has risen in six out of the most recent eight days as increasing temperatures cut gas consumption while high prices continue to restrain demand and attract imports. Storage facilities were 56.0% full on March 25, a record for the time of year, slightly exceeding the previous peak on March 25, 2020:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian