Devika Krishna Kumar (@Devikakrishnak) header
Devika Krishna Kumar (@Devikakrishnak) profile picture

Devika Krishna Kumar

@Devikakrishnak

Oil markets correspondent @business. Ex @Reuters. RTs not endorsements; all opinions mine. [email protected]

 New York City
bloomberg.com/authors/AVbE7leh7Bo/devika-krishna-kumar
Joined July 2012
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Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)Photo by Devika Krishna Kumar (@Devikakrishnak)
Devika Krishna Kumar retweeted
Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchyAug 20
Deutsche Bank Rebuilds Energy Trading With String of Hires @Devikakrishnak bloomberg.com/news/articles/…
Deutsche Bank Rebuilds Energy Trading Unit With String of Hires

Deutsche Bank Rebuilds Energy Trading Unit With String of Hires

Deutsche Bank AG is making a major push to rebuild its energy trading business more than a decade after it largely exited the commodities sector.

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Dr. Ilia Bouchouev (@IliaBouchouev) profile picture
Dr. Ilia Bouchouev
@IliaBouchouev25 Mar 2025
Finshing up my 6th year of teaching @NYU energy derivatives trading class. This year, 1/3 of students chose #AI-based trading strategies for their final project, which resonates with the story below. RT @Devikakrishnak #oott bloomberg.com/news/articles/…
‘Arms Race’ for AI-Driven Oil Trading Is Underway, Vitol Says

‘Arms Race’ for AI-Driven Oil Trading Is Underway, Vitol Says

The expansion of artificial intelligence capabilities will augment the already significant algorithmic trading in oil futures markets, Vitol Group Chief Executive Officer Russell Hardy said.

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Devika Krishna Kumar retweeted
Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchy31 Jul 2024
Two of Trafigura’s Top US Oil Traders Are Leaving the Company @Devikakrishnak bloomberg.com/news/articles/…
Two of Trafigura’s Top US Oil Traders Are Leaving the Company

Two of Trafigura’s Top US Oil Traders Are Leaving the Company

Two senior oil traders at Trafigura Group in the US are leaving the firm, the latest departures as the commodity trading giant undergoes a management succession while energy trading profits normalize...

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Bloomberg (@business) profile picture
Bloomberg
@business16 May 2024
US fuelmakers are scrambling to meet ever-higher demand using aging plants. An explosion at a Texas refinery last year exposed how that risks disaster. Read The Big Take. trib.al/wyXuHd9
Safety Lapses Lead to Deadly Risks for Oil Workers

Safety Lapses Lead to Deadly Risks for Oil Workers

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Devika Krishna Kumar retweeted
Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchy7 May 2024
ED&F Man, the 240-year-old commodity trader that once supplied a daily tot of rum to every sailor in the Royal Navy, is in talks to be bought by Hartree @isiscarol14 bloomberg.com/news/articles/…

Hartree Is in Talks to Buy Commodity Trader ED&F Man

ED&F Man, a storied UK commodities trader that traces its history back more than 240 years, is in talks to be taken over by US energy firm Hartree Partners LP, according to people familiar with the...

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Devika Krishna Kumar retweeted
Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchy27 Apr 2024
The inside story of a $39 billion bid to reshape the global mining industry @tbiesheuvel @DNair5 @Paul_VLH bloomberg.com/news/articles/…
BHP’s $39 Billion Copper Play Was Years in the Making

BHP’s $39 Billion Copper Play Was Years in the Making

CEO Mike Henry is unlikely to drop his pursuit despite initial rejection by Anglo.

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Devika Krishna Kumar retweeted
Joe Carroll (@jcarrollhtx) profile picture
Joe Carroll@jcarrollhtx15 Apr 2024
Shale explorers are drilling wells faster than they’re fracking them, a strong signal that US oil-production growth is slowing. bloomberg.com/news/articles/… by @DavidWethe & @Devikakrishnak via @climate
Shale-Oil ‘Fracklog’ Resumes Expansion After a Year-Long Hiatus

Shale-Oil ‘Fracklog’ Resumes Expansion After a Year-Long Hiatus

Shale explorers are drilling wells faster than they’re fracking them, a signal that US oil-production growth is slowing.

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Devika Krishna Kumar retweeted
Olga Tanas (@olyatanas) profile picture
Olga Tanas@olyatanas9 Apr 2024
Defense Secretary Lloyd Austin warned that #Ukraine’s recent attacks on #Russia's oil refineries risk impacting global energy markets bloomberg.com/news/articles/… via @bpolitics
US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets

US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets

Defense Secretary Lloyd Austin warned that Ukraine’s recent attacks on Russian oil refineries risk impacting global energy markets and urged the country to focus on military targets instead.

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Bloomberg (@business) profile picture
Bloomberg
@business5 Apr 2024
NEW: Tremors were felt throughout the New York City area causing buildings to shake on Friday morning in a 4.8 magnitude earthquake trib.al/SsxmQoX
NY Area Rattled by 4.8 Magnitude Quake, Followed by Aftershock

NY Area Rattled by 4.8 Magnitude Quake, Followed by Aftershock

The New York area’s strongest earthquake in 140 years rattled northern New Jersey on Friday morning, shaking office buildings in Manhattan and snarling travel.

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Devika Krishna Kumar retweeted
Simon Casey (@sjcasey) profile picture
Simon Casey@sjcasey18 Mar 2024
About 600,000 barrels of Russia’s daily oil-refining capacity has been knocked out by Ukrainian drone strikes, says Gunvor CEO Torbjörn Törnqvist bloomberg.com/news/articles/… #CERAWeek via @Devikakrishnak and @wenkennedy
Gunvor Says Drones Shut Down 600,000 Barrels of Russia Refining

Gunvor Says Drones Shut Down 600,000 Barrels of Russia Refining

Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist estimates about 600,000 barrels of Russia’s daily oil-refining capacity has been knocked out by Ukrainian drone strikes.

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Mood check at #CERAWeek this year- This comment from Aramco CEO Nasser was followed by a loud round of applause: “We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions” bloomberg.com/news/articles/…
Aramco CEO Nasser Says Energy Transition Is ‘Visibly Failing’

Aramco CEO Nasser Says Energy Transition Is ‘Visibly Failing’

Saudi Aramco Chief Executive Officer Amin Nasser said the global energy transition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable...

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Bloomberg (@business) profile picture
Bloomberg
@business14 Mar 2024
Hedge fund Walleye is eliminating about a dozen employees, including the head of its global discretionary macro business, as it restructures operations trib.al/ZlOyns6
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Bloomberg Markets (@markets) profile picture
Bloomberg Markets
@markets1 Mar 2024
Izzy Englander’s Millennium Management earned about $600 million from commodities investments in 2023 trib.al/vPpu8jc
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Devika Krishna Kumar retweeted
Kevin Crowley (@CrowleyKev) profile picture
Kevin Crowley@CrowleyKev8 Feb 2024
Breaking -- Exxon Mobil plans to exit Equatorial Guinea in 2Q, marking the end of nearly 30 years in the West African nation. Zafiro field pumped over 1bn barrels, enriched the ruling elite yet human rights remained elusive Full story w/ @pburkhardt: rb.gy/kzf51p
Image from Kevin Crowley (@CrowleyKev)
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Alex Longley (@alexlongley1) profile picture
Alex Longley@alexlongley131 Jan 2024
Petronas, Malaysia’s state-owned oil and gas company, is hiring traders to expand its derivatives business bloomberg.com/news/articles/… via @markets #OOTT

Malaysia’s Petronas Is Growing Its Energy Derivatives Trading

Malaysia’s state-owned oil and gas company, Petroliam Nasional Bhd, is hiring traders to expand its derivatives business.

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Devika Krishna Kumar retweeted
Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchy26 Jan 2024
A tanker that was carrying a cargo of Russian naphtha for Trafigura was struck by a missile as it transited the Red Sea @alexlongley1 @megacontango bloomberg.com/news/articles/…
Trafigura Tanker Carrying Russian Fuel Struck by Houthis

Trafigura Tanker Carrying Russian Fuel Struck by Houthis

A tanker operated on behalf of trading giant Trafigura Group that was carrying a cargo of Russian fuel was struck by a missile as it left the Red Sea, in the most significant attack yet by Yemen’s...

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Devika Krishna Kumar retweeted
Yongchang Chin (@yongchang_chin) profile picture
Yongchang Chin@yongchang_chin3 Jan 2024
Supply is back in the driver’s seat for oil markets. At issue is rising crude production from non-OPEC+ nations including the US. The cartel’s response has been to pledge deeper output cuts, but traders are skeptical | with @Devikakrishnak bloomberg.com/news/articles/… via @markets
Oil’s Ample Supply Has Analysts Predicting Tough Year for Crude

Oil’s Ample Supply Has Analysts Predicting Tough Year for Crude

Supply is back in the driver’s seat for global oil markets.

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Jack Farchy (@jfarchy) profile picture
Jack Farchy@jfarchy12 Dec 2023
Goldman's head of commodities is stepping down at 47 after making $100 million in the last three years @sridinats bloomberg.com/news/articles/…
Goldman Trader Who Was Paid $100 Million Since 2020 Is Stepping Down

Goldman Trader Who Was Paid $100 Million Since 2020 Is Stepping Down

One of Goldman Sachs Group Inc.’s highest-paid executives in recent years is stepping down.

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Devika Krishna Kumar retweeted
David Marino (@dmarino4) profile picture
David Marino@dmarino48 Dec 2023
Oil consumers jumped on a chance to lock in protection against higher energy costs as this week’s price slide made hedging cheaper. bloomberg.com/news/articles/… via @markets @alexlongley1 @Devikakrishnak

Oil Consumers Pounce on Futures Slump to Lock in Cheaper Barrels

Oil consumers jumped on a chance to lock in protection against higher energy costs as this week’s price slide made hedging cheaper.

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Alex Longley (@alexlongley1) profile picture
Alex Longley@alexlongley16 Dec 2023
The top of this story tells you the really important stuff, but if you make it to the end there's some more in the weeds wild bits too (1/2) bloomberg.com/news/features/… via @BoF #OOTT
How Russia Punched an $11 Billion Hole in the West’s Oil Sanctions

How Russia Punched an $11 Billion Hole in the West’s Oil Sanctions

Moscow’s monthly income from oil exports is greater now than before the invasion of Ukraine, highlighting the failure of measures to curb its war chest.

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