Energy

Chevron chief on Iran war impacting energy markets: ‘The situation remains somewhat fragile and uncertain’ - The Hill

Source: The Hill

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DW NOTE

Chevron's CEO describing energy markets as "fragile and uncertain" during an Iran conflict tells you the company has no more visibility than anyone else — just bigger exposures. Oil jumped 23% in a month but remains 25% below its yearly high, which means either the market doesn't believe the disruption will last or it's repricing the global demand picture downward while the missiles fly.

Read the full story at The Hill →

Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Chevron chief on Iran war impacting energy markets: ‘The situation remains somewhat fragile and uncertain’ - The Hill

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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