Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.
Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.
Thought this was an interesting piece of analysis from the folks over at Oilprice.com, an industry publication focused on investors and oil execs. TLDR is they are suggesting 200$ per barrel oil is realistic based on the damage being done to energy infrastructure and Iran’s ability to restrict oil traffic.
Note embedded link is to the archive.is version.
As of writing, the price of a barrel of oil from Oman is $153. This is much closer to reality than Brent Crude which, as I understand it, is a futures contract and vulnerable to market manipulation and speculation. $200 per barrel isn’t that far off. Even if the war ended tomorrow, we could still see this happen since it takes time to ramp up production again and a lot of infrastructure has already been damaged or completely destroyed.