Yongchang Chin @yongchang_chin
Covering oil markets for Bloomberg @business news • Energy, commodities, and other things too • Definitely not just in it for the pantry • Tweets, opinions mine bloomberg.com/authors/AUJztO… Singapore Joined August 2019-
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Oil jumped after US officials said Israel had struck targets in Iran, with Brent rallying on concerns over the potential for a wider regional conflict that could endanger crude supplies bloomberg.com/news/articles/… via @markets
Traders are attributing the lackluster oil price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained. Here’s what market watchers are saying about the outlook for oil bloomberg.com/news/articles/… via @markets
Oil shrugged off Iran’s unprecedented attack on Israel, with gains held in check by speculation that the conflict would remain contained as leading powers including the US urged restraint bloomberg.com/news/articles/… via @markets
We have a live blog on the current ongoings in the Middle East bloomberg.com/news/live-blog… via @bpolitics
will oil prices rise on monday at the open
Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand outlook bloomberg.com/news/articles/… via @markets
Vitol’s Millionaire Traders Aren’t Motivated by Money, CEO Says @megacontango bloomberg.com/news/articles/…
Oil declined from a five-month high after Israel said it would remove some troops from Gaza, as traders wait for a series of market reports this week that will provide a snapshot on supply and demand bloomberg.com/news/articles/… via @markets
OPEC+ may be risking a repeat of last year’s oil market boom and bust, after Brent crude prices shoot above $90 a barrel trib.al/nsxkpKq
The global oil market has gone from languid to lively in just a few weeks — these are the main indicators painting a more rosy picture for bulls @alexlongley1 @Devikakrishnak bloomberg.com/news/articles/… via @markets
Oil extended advances on escalating tensions in the Middle East after blowing past the $90-a-barrel threshold in the previous session bloomberg.com/news/articles/… via @markets
Mercuria is the latest commodity trading house to set its sights on getting into Japanese power markets bloomberg.com/news/articles/… via @markets
Oil rose toward a five-month high after OPEC+ confirmed it would maintain its existing supply cuts through the end of June, tightening the global market at a time of robust demand bloomberg.com/news/articles/… via @markets
A mayday warning from the ship that slammed into a Baltimore bridge saved lives by prompting officials to stop cars from crossing, Maryland Governor Wes Moore said. bloomberg.com/news/articles/… via @business
#MarineTraffic playback showing #Dali, a Singapore-flagged cargo ship, colliding with Francis Scott Key Bridge in #Baltimore. En route to Colombo, Sri Lanka, it crashed at 1:30am. Follow rescue efforts on MarineTraffic and find out more about the vessel: marinetraffic.com/en/ais/details…
Goldman is bullish commodities (I know, I know) bloomberg.com/news/articles/… via @markets
Oil fell for a third day. A surprise rate cut from the Swiss National Bank boosted the dollar, a headwind for commodities. That move followed the Federal Reserve signaling that a trio of US cuts remained on the cards this year bloomberg.com/news/articles/… via @markets
Older ships with untraceable insurance are navigating the Red Sea in the face of Houthi attacks — and they’re increasing the threat to environmental and structural damage for everyone else bloomberg.com/graphics/2024-… via @BBGVisualData #OOTT
Oil steadied near the highest level this year after OPEC+ extended its production cuts to the end of next quarter bloomberg.com/news/articles/… via @markets
BREAKING: OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus bloomberg.com/news/articles/… via @markets
Stephen Stapczynski @SStapczynski
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Young Native Americans arrive at the UCLA “Liberated Zone” with a sign saying: “Hamas supporters aren’t welcome on Native lands” The Hamas supporters physically attack them
It's self-evident — even now to progressives — that "extra help" is required to bring black people to parity with whites (let alone Asians) in certain socially-desirable outcomes like education and income. Only programs forcing equity are going to eliminate racial inequalities.…
He knows what he’s talking about
7 years ago, the UAE’s Foreign Minister issued a warning to the West. His words now sound prophetic.
7 years ago, the UAE’s Foreign Minister issued a warning to the West. His words now sound prophetic.
This is what's going on at @Columbia. Must Watch.
Key word being "invited" - the majority of British people have consistently voted against mass immigration. Yet we're consistently ignored by the political elites as our country gets flooded with mass immigration without our consent.
@jessgill03 Where I live in France, most of the Brits can’t string a sentence together, but they are welcomed and invited to take part in village life. It must be awful being you.
The euphemisms will never end.
Man punched in the face, robbed at gunpoint by callous trio at Central Park in broad daylight trib.al/EWNXdNI
The Palestine protests are explicitly pro-war protests. Whether or not you agree with them, we should all acknowledge that they are pro-war protests.
They’re proud to shout for Intifada, but have no idea what it is. The first and second intifada’s in the late 80’s-early 90’s and then again in the early 2000’s were responsible for killing thousands of Jewish civilians via suicide bombing at night clubs, shopping malls, markets,…
You can tell someone has watched way too much TV when they think crumpling to the ground like that is some kind of ace in the hole that will stymy the cops.
Same vibes.
Just a reminder that the Ontario Legislature, where people dress like this, seems to be having a difficult time with a checkered cotton scarf.
Liberal white women will look you straight in the eyes and tell you that these guys are the biggest threat to their safety.
I bet that feels so good for the cop
COLUMN: My interview with TotalEnergies CEO "Of course, I continue to make oil and gas," he says, emphasizing that demand for fossil fuels is still climbing. "There’s this wrong idea that supply would dictate demand. No sorry, it doesn’t work like that" bloomberg.com/opinion/articl…
Young women used to be more religious than young men, more eager to have children, more conservative, and less likely to attend college — now the opposite is true.
For decades, social science has 'known' that women are more religious than men. However, if you track the religiosity of young adults - something really interesting happened. Women are more likely to claim no religious affiliation than men. It started around 2016.
So heres a story 🧵🧵🧵 Here in China, my Serbian friend's wife just gave birth last night. Her water broke and strong pain started exactly during the afternoon traffic jam, around 6pm. As he sat her in the car, the map showed 55 minutes to the hospital. So what he does is 1/
You might disagree that black music has been in Britain for 500 years. You might even have evidence to the contrary. But you have to ask yourself: Is this really worth losing my job over? Therefore black music has been in Britain for 500 years.
'Black music arriving after WW2 is a lie' The first major exhibition documenting 500 years of Black music in Britain opens at the British Library and aims to challenge the timeline on when the Black presence in British music history began. @AyshahTull spoke to pioneers of Black…
“Why don’t we put white people on an island so we reduce their population?” The reply is gold. He had no comeback because it’s true.