Best in Energy – 29 March 2023

Saudi Arabia joins Shanghai Cooperation Organisation

Vietnam’s growth slows on trade downturn ($BBG)

Ukraine’s damaged power grid hit by poor weather

Aramco to store oil in China under refinery contract

U.S. energy chief fine tunes message on SPR refilling

U.K. power trading market ($FT)

U.S. coal exports steady in 2022

BRENT’s six-month calendar spread has firmed slightly into a backwardation of around $2 per barrel from just over $1 on March 20, as immediate fears about a contagion of bank failures triggering a global recession have eased, and traders react to the loss of crude supplies from northern Iraq:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian