OPEC oil cartel produces least oil in 36 years, with the sharpest decline in Kuwait and Iran (RTL)
OPEC oil production fell last month to its lowest level in 36 years. The war in the Middle East is hampering oil exports and production in the Gulf region. Hans van Cleef discussed this on RTLZ and with RTL Nieuws.
Today's News: On the Ceasefire and Its Impact on Energy Markets
“Then this is the best move ever by an American president.” The first ships carrying oil barrels are once again sailing through the Strait of Hormuz following the ceasefire between the U.S. and Iran. Does this mean Donald Trump chose a successful strategy? Foreign affairs correspondent Tomasz Blom, political reporter Tom Staal, and Volt leader Laurens Dassen join us on Nieuws van […]
Volkskrant: Will the opening of the Strait of Hormuz trigger a surge in energy?
Financial markets reacted enthusiastically to the temporary ceasefire on Wednesday. But experts warn that it will take months, and possibly years, for energy flows from the Persian Gulf to return to previous levels. Moreover, Iran is “in no hurry.” Oil and gas markets disrupted “Compare those two passing ships with the 135 that normally pass through […]
BNR: Energy market would remain disrupted for years even if the war ended; ‘Not temporary, but long-term effects’
It may be a long time before energy markets return to their previous levels, now that the United States has announced it will suspend attacks on Iranian energy infrastructure for a few days. Although oil prices fell sharply immediately after U.S. President Donald Trump’s announcement, the turmoil in the markets is far from over. ‘The […]
Top Sector Energy: Autonomous and safe
Today, the Top Sector Energy published the report "Autonomous and secure: how the Netherlands can strengthen its energy position." This report contains 32 recommendations for making the Dutch and European energy supply more independent and secure. Among other things, it describes how the Dutch energy supply is vulnerable due to its dependence on imports. It states that the energy transition must [...]
FD: Energy Agency releases record amount of oil
The 32 countries affiliated with the IEA, including the Netherlands, are releasing a record amount of oil from their strategic reserves. The oil market is not particularly impressed: oil prices are rising. Uncertainty about the course of the war in the Middle East outweighs the additional supply. Hans van Cleef spoke to the FD on behalf of EqoLibrium. […]
Volkskrant: A blockade of the Strait of Hormuz would affect the entire world. Will the Netherlands still have sufficient gas supplies?
The first report came in on Sunday morning: an attack on an oil tanker in the middle of the Strait of Hormuz. Less than an hour later, another oil tanker, a few hundred kilometers to the east, off the coast of Oman. Later that day, a ship in a port in the United Arab Emirates. And on Monday, a ship in […]
BNR – The big picture: How long will oil remain worth its weight in gold?
Donald Trump is eager to extract oil in Venezuela. This is understandable, as there are 302 billion barrels of the black gold in the ground. However, these will not be pumped up tomorrow, nor will they likely be next year. According to experts, it could even take decades before the Venezuelan oil industry is back in full swing.
AD: Low gas reserves after cold spell: "We are vulnerable"
We entered winter with lower than normal gas reserves, and that is now becoming apparent. After several cold weeks, gas reserves in the Netherlands are at 40.7 percent, a percentage that is making gas experts nervous. "We'll manage, but it's going to be very tense. We are extremely vulnerable." Hans van […]
Studio Energy podcast – Energy markets
The first Studio Energie episode of the new year, featuring the Netherlands' leading market analyst, Hans van Cleef. And what a new year it has already been: in the first week, more happened than used to happen in an entire year. Just think about it: the US has 'taken over' oil production in Venezuela, thereby not only gaining potential […]