Oil, Iran
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Oil stocks have dipped recently, making these two integrated giants appealing options for investors today.
Despite the biggest supply shock in history, the oil market turned out to be significantly more flexible than most experts anticipated.
Oil prices eased as ceasefire talks advanced, but markets defused the Hormuz crisis first, rapidly shifting supply and demand and turning a feared shortage into a mini‑glut.
And JPMorgan’s commodities team is now warning about too much oil, not too little. Natasha Kaneva, who heads commodities research at JPMorgan Chase, sent clients a note on July 4 spelling out the problem.
Global energy markets appear relatively calm on the surface, but that calm may be misleading. Analysts estimate that global commercial oil inventories are rapidly falling toward the minimum level required to keep the petroleum system functioning.
Cushing, Oklahoma, dubs itself the pipeline crossroads of the world. The tagline is emblazoned on a giant roadside sign fashioned out of pipes on the corner of Main Street and South Stiles Road. It has a valve and everything.
IEA Executive Director Fatih Birol said oil markets could soon enter a "red zone" as stocks deplete amid the Iran war. Birol said the single most important solution to the ongoing energy shock is the unconditional reopening of the strategically vital ...
Oil prices have remained below $100 per barrel despite the prolonged disruption of Strait of Hormuz flows. Three key buffers have kept crude prices from surging: sharply lower Chinese crude imports, record-high U.S. oil exports, and strategic petroleum ...
Asian shares were mixed on Wednesday and oil prices surged more than 2% after the U.S. launched strikes on Iran after it said Tehran struck three ships in the Strait of Hormuz. U.S. futures were little changed.
