Anas Alhajji Profile picture
Mar 20 1 tweets 2 min read Read on X
🟥Do you believe attacking tankers is something unfamiliar to Trump or to insurance companies? Why did insurance companies cancel their policies this time?

Here, from 2019:

July 2019

Middle Eastern Oil: Is Trump making the situation worse?

Dr. Anas Alhajji / Contributing Editor

The recent attacks on two tankers (Table 1) carrying naphtha and methanol in the Gulf of Oman were well-planned by a powerful group that has access to intelligence, information, military hardware, and experts. A group that wants to derail any possible negotiations between Iran and the U.S., direct or indirect. It succeeded, for now.

President Trump visited Japan at the end of last May. He asked Japanese Prime Minister Shinzo Abe to visit Tehran, to mediate between the Trump administration and the Iranian regime, on the hope of having a direct dialogue between the two countries.

While Abe was in Tehran, the attacks on the two tankers took place, one carrying naphtha to Japan, and the other one, carrying methanol, is owned by a Japanese company. The timing and the targets cannot be a coincidence.

Someone wants to derail Abe’s effort. Someone who wants to make sure that negotiations between the U.S. and Iran will not happen. While there is a list of possible suspects, it is clear that IRG (Iranian Revolutionary Guard) tops the list. They will do whatever is necessary to derail such negotiations. The Iranian government is under massive political and economic pressure to negotiate, but the IRG and their supreme leader are not.

While Japan is the common element in the attacks mentioned above, the common element in the previous attacks on two tankers in Fujairah in the UAE, and the pumping stations of the East-West pipeline in the middle of the desert in Saudi Arabia, is that all of them circumvent the Strait of Hormuz. The most powerful card Iran has in its war chest is the significance of the Strait to the world, where about 19 MMbopd pass through. Pipelines in the UAE and Saudi Arabia that circumvent the Strait reduce Iran’s bargaining power.

Main Impact
Saudi Arabia, and to some extent the UAE, established themselves as reliable and dependable suppliers of energy. Any attacks or disruptions, caused by anyone in the region, harm this strategic objective. Long-term losses from being viewed as unreliable suppliers are massive, as politicians and policymakers in oil-consuming countries reduce dependence on oil imports from the region and, in some cases, reduce dependence on oil altogether. This might explain why countries in the region would like to maintain pressure on Iran, but without escalation.Image

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More from @anasalhajji

Mar 5, 2023
Thread
1-9 EIA investigation of the adjustment & the results are all about “data quality.” @EIA_One tweeted a chart showing that the adjustment factor grew with exports since 2016.
I have been talking about data quality since 2017 & I created the hashtag: #Data_Quality_Matters
2-9 Mr. @EIA_One stated that the investigation led to two causes of the rise in adjustment: exports & production. Here is a tweet from June 6, 2019:
“The growing adjustment factor (something exaggerated: production or exports)”
Also, notice the hashtag
3-9 I am going down memory lane of this “data quality” to show you that some of the results of the investigation are really old news! EIA gets crude export data from the Census bureau!
This form October 2019:
Read 9 tweets
Jan 20, 2023
Short Thread
Let us go along with what some pundits are saying:
Global oil demand will peak soon & then decline:

1-4 That doesn't mean lower oil prices. It might mean, among various scenarios, ever-increasing prices. Remember, prices are about demand & S U P P L Y! #Oil
2-4 Oil investment is needed no matter what because of the declining rates in the fields. Even at 75 mb/d in 2050, all of it has to be new oil. We literally need trillions of dollars in upstream investment if oil demand declines. Imagine if NO decline!
3-4 The idea that oil companies will go bankrupt & the economies of the oil-producing countries will collapse if oil demand peaks are nonsense. Oil under the declining scenario might end up more precious than ever: the supply reaction to the idea of declining demand is large.
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Dec 19, 2022
Thread on Turkey’s Energy Ambitions & Regional Dominance
1-18 President Erdoğan gave an energy-focused speech last Friday in a ceremony for the capacity expansion of the Silivri Underground Natural Gas Storage Facility, which reached 4.6 billion cubic meters (162.45 bcf).
2-18 The speech highlights several energy policy issues, provides some interesting data, and most importantly, highlights the two issues that we focused on in this week's and last week’s newsletters: Relations with Russia and the desire to be a gas hub.
anasalhajjieoa.substack.com
3-18 Below are translated excerpts from the speech (from medyanotu.com ):
- “Silivri has become the largest underground gas storage facility in Europe.”
#Turkey #Natgas #Russia #Europe
Read 18 tweets
Dec 17, 2022
1- The Biden Administration has the right to refill the SPR as it sees fit… but to flip the story and say we sold the oil at $96 and now we are buying it in the low $70s, therefore we are making money for the taxpayer is the worst story they can tell about the SPR.
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3- The most important stories of the SPR are:

A. it prevented oil prices from going above $140/b

B. then it lowered prices significantly worldwide, not only in the US.
Now count the economic growth benefits from that

C. It curbed Putin’s influence significantly
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Nov 21, 2022
Thread on OPEC
For those who are attacking OPEC. Hear me out:
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2-9 Where did the idea of #OPEC come from?
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#Oil #OOTT
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cato.org/commentary/rem…
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Nov 16, 2022
Thread 🩸

1- To think #Russia & #oil traders have not prepared for the Dec 5 deadline is naive.. however, everyone wants to take advantage of the weeks and days before the deadline.. activities increase, then decline, making the deadline looks more effective than reality #Russia
2- Remember:
A- the December 5 deadline is for crude only … not petroleum products

B- Five European countries are exempt in one way or the other

Question: do sanctions apply to oil via rails and trucks? 😳👿
3- Russia has already built the infrastructure to do what Iran has done for years, but on a larger scale… the ban and the price cap applies only to “official” imports…
Read 4 tweets

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