Cryptofueloil

Bloomberg

Refiners Could Wait Weeks for Oil, Even After Strait Is Fully Reopened, Macquarie Says

Some refiners could wait several weeks for oil even after the Strait of Hormuz is fully reopened, keeping up the pressure on prices. Macquarie Group Global Energy Strategist Vikas Dwivedi said in a recent note that oil could hit a record of $200 a barrel if the Iran war drags on. He speaks on Bloomberg Surveillance.

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Bloomberg

Rühl: US Almost Out of Options to Keep Oil Price Low

Attacks on oil and gas infrastructure in the Arabian Gulf have escalated in the past two days. After a rebuke from President Trump, Israel says it will no longer target energy assets after its attack on an Iranian gas field sparked retaliatory strikes, cause oil and gas prices to surge. Crystol Energy Global Advisor, Christof Rühl, says the US is running out of methods to keep the oil price low if the Strait of Hormuz isn't reopened. He spokes to Joumanna Bercetche on Horizons Middle East and Africa.

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