Jack Farchy

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Jack Farchy

Jack Farchy

@jfarchy

Senior Reporter for Energy and Commodities at Bloomberg News. Co-author of The World for Sale: https://t.co/EV8tueLP9v

London Katılım Nisan 2010
3K Takip Edilen19.7K Takipçiler
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Jack Farchy
Jack Farchy@jfarchy·
The World for Sale comes out in paperback this week If you want to understand how oil and commodity markets work, how they influence geopolitics, and the extraordinary power of a few little-known traders, take a look: smarturl.it/TheWorldForSale
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Bloomberg
Bloomberg@business·
Aluminium Bahrain, which runs the world’s largest single-site smelter of the metal, has started a phased production shutdown to conserve raw-material supplies bloomberg.com/news/articles/…
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Morgan Bazilian
Morgan Bazilian@MBazilian·
No one could have predicted this, save for the literally hundreds of war games conducted over the last 50 years with this exact scenario.
Zachary Cohen@ZcohenCNN

New: The Pentagon & National Security Council significantly underestimated Iran’s willingness to close the Strait of Hormuz in response to US military strikes while planning the ongoing operation, sources to me, @Phil_Mattingly, @kylieatwood & @Kevinliptakcnn. Top Trump officials acknowledged to lawmakers during recent classified briefings that they did not plan for the possibility of Iran closing the strait in response to strikes, per 3 sources. cnn.com/2026/03/12/pol…

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Rory Johnston
Rory Johnston@Rory_Johnston·
NEW: US Treasury issued a general license for the delivery and sale of Russian oil loaded on vessels as of March 12. Moscow continues to be the single largest beneficiary of the Iran War.
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Javier Blas
Javier Blas@JavierBlas·
Pre-war Strait of Hormuz *crude* flow: ~15m b/d My current flow assumptions: Iran: ~1.2m b/d (SoH) UAE: ~1.8m b/d (Fujairah) KSA: >2.0m b/d (Red Sea above pre-war) Plus ~0.5m b/d (SoH tankers with AIS off) Total: ~5.5m b/d (~35% of pre-war) Saudi flows to rise by Thu-Fri
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Gideon Rachman
Gideon Rachman@gideonrachman·
So oil at 110 a barrel and another Khamenei in charge of Iran . Operation Epic Fury is in danger of turning into Operation Epic Failure
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Bob McNally
Bob McNally@Bob_McNally·
Compared to the last maximum disruption during the 1956-1957 Suez Crisis (as a percentage of total liquids demand), this represents the largest oil supply loss in history, by a factor of two. Worse, unlike in past crises, there's zero spare capacity available. @RapidanEnergy will be releasing some data with a historical perspective tomorrow.
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Adi Imsirovic
Adi Imsirovic@AdiSurreyEnergy·
So, only Iran benefits from these high oil prices?! Strait of Hormuz transit remains near a standstill for a seventh day, with Iran-linked ships the only commercial vessels making the crossing in the past 24 hours. bloomberg.com/news/articles/…
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Javier Blas
Javier Blas@JavierBlas·
More TACO Russian oil US Treasury Secretary: “We may unsanction other Russian oil” Vladimir Putin can believe his luck.
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Stephen Stapczynski
Stephen Stapczynski@SStapczynski·
Qatar's energy minister says that it will take "weeks to months" to return to normal LNG deliveries if the war ended immediately 🇶🇦🚨 Gas prices could rise to $40/mmbtu in 2-3 weeks if Hormuz remains shut, Saad al-Kaabi told the FT (prices are ~$20 now) ft.com/content/be122b…
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Freakonomics
Freakonomics@Freakonomics·
They don’t make headlines. But they’re often behind them. In today’s episode, we go inside the hidden system of dealmakers who move oil, metals, and food around the world and quietly shape global events, with Javier Blas and Jack Farchy, the authors of The World for Sale. Stream it wherever you get podcasts. link.podtrac.com/xwm8ig00
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Michael J. Kavanagh
Michael J. Kavanagh@mjkcongo·
Congo’s mines ministry said a landslide around Rubaya, a major tantalum mining area occupied by M23, left many dead. No confirmation yet from M23 side. It's a different site then the January collapse that killed hundreds bloomberg.com/news/articles/…
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Stephen Stapczynski
Stephen Stapczynski@SStapczynski·
This is likely the first time QatarEnergy has ever declared force majeure on LNG shipments 🇶🇦 ⚠️ Qatar made its name as a powerhouse producer that never fails its customers Then an Iranian drone hit
QatarEnergy@qatarenergy

QatarEnergy declares Force Majeure Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy has declared Force Majeure to its affected buyers. QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information. #QatarEnergy #Qatar

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Javier Blas
Javier Blas@JavierBlas·
COLUMN: The CIA calls it the “strategic commodity” of the Middle East. But it's not oil (or natural gas). What the American spy agency has in mind is far more prosaic: drinking water. I hope it doesn't come to it, but water may decide the war. @Opinion bloomberg.com/opinion/articl…
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Bob McNally
Bob McNally@Bob_McNally·
Going in, the oil market had grown understandably skeptical that geopolitics would materially disrupt supplies and confident the U.S. would prevent Iran from impeding Hormuz flows for more than a couple of days. As a result, oil price increases have been limited so far. We will now test that assumption and confidence. Hope for the best, but buckle up.
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Jack Farchy
Jack Farchy@jfarchy·
@faisalislam It's still a long way from 2021-2022 levels. You are looking at the April 2026 contract, which is relevant today but was not so relevant in 2021-2022. The comparable, front-month contract in 2021-2022 got as high as £8 per therm -- five times today's price
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Faisal Islam
Faisal Islam@faisalislam·
Not great. The UK gas price has gone up another 40% this morning… the per thermal price is now 150p… which does get to the sustained painful levels though not the actual peak seen in Russia- Ukraine crisis. For reference the OBR assumption at the moment likely to be confirmed today is just 75p. If sustained, a big if, Julys energy price cap would be problematic.
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Keşfet

@RapidanEnergy @alexlongley1 @MiaGindis @Opinion @JWittels @CGorrivan @wkubz @faisalislam