Nicholas Lua

Singapore electricity prices surged AGAIN, a further sign of market volatility as the world faces a serious power crunch: bloomberg.com/news/articles/…

I wrote about Walter Benjamin, the Angel of History, staying at the new hotel in Auschwitz for the 80th anniversary celebration of the liberation of the camps, and getting yelled at by a Polish tour guide for @JRBooks jewishreviewofbooks.com/jewish-history…

The Greenspan Legacy forbes.com/sites/georgeca…

The surge in the cost of jet fuel since the start of the Iran war is highlighting the vast disparity between airlines that hedge well, hedge poorly and don't hedge at all... w/@nathanrisser1 @Nich_Lua @alexlongley1 bloomberg.com/news/articles/… #OOTT

India’s consumers — hit with the first fuel price hike in four years — will likely face more such rises in the near term, as the government grapples with the economic impact of a months-long conflict in the Persian Gulf. bloomberg.com/news/articles/…

China ordered its national companies to ignore US sanctions on domestic oil refiners that Washington said were buying Iranian oil. In a rare order issued on Saturday, it said Chinese entities shall "not recognize, implement, or comply with the sanctions" in order to "safeguard national sovereignty, security, and development interests." mofcom.gov.cn/xwfb/xwfyrth/a…

You know Asia is truly short of crude oil when Japanese television covers the arrival of a single oil tanker from America as a major news story

The Strait of Hormuz crisis represents “the biggest energy disruption we’ve ever seen,” despite oil prices not yet reaching the inflation-adjusted equivalent of previous highs, S&P Global Vice Chairman Daniel Yergin warned on Saturday. bloomberg.com/news/articles/…

Qatar state-owned LNG giant QatarEnergy has published a statement detailing the overnight damage, providing more granularity (particularly around the damage of the GTL plant).

Bloomberg Big Take | Rationing, fuel smugglers and plants fighting to keep running: Asia’s troubles portend a grim future if the Iran war persists -- with Alisha Sachdev, Will Kubzansky & @ClaraDFMarques Gift link: bloomberg.com/news/features/…

The Iran war has left Asia struggling with a growing fuels crisis. To hear how the region is reckoning with the fallout, join me and my brilliant colleagues for a live Q&A tomorrow March 12 @ 12:30pm SG -- @shruti838 @ClaireJiao @journorakesh bloomberg.com/sessions/2026-…

“Let me (not) take you far away. You can’t afford a holiday.” Singapore jet fuel benchmark, ladies and gentlemen:

Kuwait is ramping up fuelmaking at its giant Al-Zour refinery, restarting one of two crude distillation units that had been halted since October -- with @FionamMacDonald #oott

"It’s uncommon for a city to have even one sovereign wealth fund; the UAE’s capital has three" This piece is a nice overview of how and where Abu Dhabi invests its wealth bloomberg.com/graphics/2025-…

.@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/…

#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/…

The British Conquest of Punjab A thread🧵

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

Iran and its proxies can hamper shipping on two crucial chokepoints that control oil flows to Asia - we're all obsessed with the Strait of Hormuz lately, but have you forgotten the Bab el-Mandeb at the tip of the Red Sea?

Iran is a major LPG exporter, and China imports almost a quarter of its LPG from Iran -- much to feed the world's largest plastics maker's hungry petchem plants

Here are three key charts that capture what Asian oil markets are watching as the Iran conflict expands- 🀄 Links to China, the world's largest oil refiner ⛽ Fuel exports, Iran LPG being key 🚢 Key shipping routes - a Red Sea disruption? #oott Link: bloomberg.com/news/articles/…