Gas prices already at record levels by the beginning of October and now so high that they have the potential to derail the global economy

The initial impact of both events on oil and gas infrastructure was very similar, with huge swathes of both offshore and onshore production being taken out of action. Yet, when it came to prices, there were no similarities, with oil markets in September 2005 behaving in an entirely different way to September 2021.

It would be “stating the bleeding obvious” to say that the pandemic has seen both winners and losers in the business world. The oil industry has been no different, although probably, overall, there have been more losers than winners.

It’s been an occasional tradition of this report to try and link major sporting events to fuel markets! With no spectators and an understandable lack of fanfare, most of us seem to have forgotten that Tokyo is hosting this year’s (delayed) Olympics.

Long summer evenings, shorts and sandals, pub gardens doing a roaring trade (hopefully) and holiday makers waiting to see which of this year’s holidays will be cancelled (hopefully not!). It’s the half-way point of the year, so let’s look back at the last 6 months and see how the markets have fared.

As a currently high-priced, niche fuel with limited mass environmental impact what is the true potential for HVO?

The blockage of the Suez Canal by the Taiwanese mega vessel MV Ever Given (20,000 Containers / 80,000 Horsepower) tells us a number of things. Firstly, that ship owners who pay for the “privilege” of using Suez Canal navigational pilots should probably ask for a refund.