David Sheppard
24.9K posts
@OilSheppard
Financial Times Acting Whitehall Editor. Formerly FT Investigations and FT Energy Editor, but still dabbles in what makes the world go round. Ex-Reuters.
QatarEnergy Statement on Missile Attacks on its LNG Facilities In addition to the previous attack on Ras Laffan Industrial City on Wednesday 18 March 2026 that resulted in extensive damage to the Pearl GTL (Gas-to-Liquids) facility, QatarEnergy confirms that in the early hours of Thursday 19 March 2026, several of its Liquefied Natural Gas (LNG) facilities were the subject of missile attacks, causing sizeable fires and extensive further damage. Emergency response teams were deployed immediately to contain the resulting damage with no reported casualties. QatarEnergy will continue to communicate the latest available information. #Qatar
Minister of Energy, UK Foreign Secretary Discuss Energy Cooperation. spa.gov.sa/en/N2535363 #SPAGOV
Footage showing the moment an Iranian Shahed-136 kamikaze drone strikes an oil depot at the Port of Salalah in Oman.
Fill level of Netherlands’ UGS facilities decreases to less than 10 per cent as of March 5, according to Gas Infrastructure Europe. This is the lowest level of reserves ever observed in early March in said facilities. gazprom.com/press/news/202…
As someone who has covered markets for years, I will say this. commodity traders, like equity traders (in the words of a smart bond trader I know) are "imbeciles." They trade off headlines, totally myopic in short-term thinking and predicting. They always screw up what's actually going down, never seeing around corners. It was the case in the run up to the 2008 where there was more than a few market "rallies" before the whole market blew up. This oil price spike has the same feel to it. It's not considering that within days we will 100% control the supply of oil coming out of the Straits of Hurmuz, or that Iran will be 100 decapitated as a military force and a financier of terror. There will be a peace dividend to all of that. Meanwhile buckle up as the Karens who control oil prices have their say, at least for now wsj.com/livecoverage/i…
UAE state-owned oil company says it’s “managing” its offshore output and it’s using its export capacity to bypass the Strait of Hormuz
Goldman only predicting $100? Inflation adjusted that’s nothing. You want a proper prediction? Time to bring the OG back @ArjunNMurti
Goldman Sachs: “… Based on these new data, developments and the size of the shock, we now think that oil prices would likely exceed $100 next week if no signs of solutions [for the Strait of Hormuz] emerge by then…”
