Oil & Gas
Aramco Spot Crude for Europe: Why Saudi Pricing Now Puts Market Share First
Aramco spot crude is back in Europe at a discount, and Asia got the widest OSP cut since 2020. Saudi pricing now aims to win back…
Entelera: Energy analysis
All analysis
Oil & Gas
India Diesel Exports: How 16.5mn Tonnes of New Output Makes India a Swing Supplier
India diesel exports should jump from 2027 as state refiners add 16.5mn tonnes a year, or ~0.34 mmbbl/d, of diesel output into a tight market.
Oil & Gas
Brent Forecast at $110: How Much of Today’s Price Is Risk Premium?
UBS lifted its Brent forecast to ~$110 from $100. Set against a derived pre-war price of ~$73, about a third of today's price is war risk.
Oil & Gas
TotalEnergies Nigeria: Why It Sold the Oil but Kept the Gas That Feeds Half of Nigeria LNG
TotalEnergies Nigeria sold a 10% oil stake for $800mn but kept gas licences that feed half of Nigeria LNG. The deal shows where majors want to…
Oil & Gas
Russian Crude Loses Its Edge: Why BPCL Is Turning Back to the Gulf
Russian crude made up 37% of BPCL's crude last quarter. With its price gap down to $1-2 a barrel and freight high, Gulf grades now win…
Oil & Gas
Jurong Rock Caverns: What ~9mmbbl of Saudi Crude in Singapore Can and Cannot Do
Jurong Rock Caverns hold up to ~9.2mmbbl. That is ~6.6 days of Jamnagar runs, or ~1.3 days of East-West pipeline flow: a buffer, not a reserve.
Oil & Gas
The Oil Price Shock Is Not Going Away: Brent ~59% Above Pre-War and What It Costs India
The oil price shock looks set to last: the IEA sees no return to pre-war markets in 2027. With Brent near $116, India's import bill keeps…
Energy Transition
India’s 500 GW Target: ~48 GW a Year and ~$55bn a Year to 2030
India's 500 GW target needs ~192 GW more and ~$55bn a year to 2030. The build pace looks achievable; the grid and the money are the…
Battery Storage
Battery Storage in India: ~14x in a Year, but Curtailment Still Hit 118.6 GW
Battery storage in India rose from ~0.7 GWh to ~10 GWh in under a year. Curtailment still hit 118.6 GW in September, as transmission lags behind.
Oil & Gas
The East-West Pipeline: Why Saudi Arabia’s Hormuz Bypass Is Now the Market’s Weak Point
The East-West pipeline carries most Saudi exports while Hormuz is shut. Its 5.8 mmbbl/d of working capacity is now the main target of Houthi attacks.