In a stark warning that underscores the fragility of the global oil market amid the ongoing disruption in the Strait of Hormuz, analysts at Morgan Stanley have declared the oil market is in a “race against time.” The investment bank’s commodity team, led by Martijn Rats, cautions that key market buffers — built up before […]
Continue ReadingENB Pub Note: A great story from Oilprice.com\’s Irina Slav today. We will be covering this on the Daily Energy Stand up tommorow. The last time this happened oil shot up to $120. Buckle up, and do the opposite of Jim Cramer. Morgan Stanley analysts report that the 411,000 barrels per day OPEC+ pledged to […]
Continue ReadingDaily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […] Relying on electricity interconnectors […]
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