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jumanji0881

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jumanji0881

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Tuesday, 07/12/2022 2:13:49 PM

Tuesday, July 12, 2022 2:13:49 PM

Post# of 37920
Crude -
My Comment: Hurricane season begins mid-late August. It could disrupt both refiners a gulf drilling.

Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns
https://www.zerohedge.com/commodities/global-energy-crisis-could-get-much-worse
Excerpt:
We discussed previously one of the worst-case scenarios laid out by JPM's commodities team (whose complete note is available to pro subscribers) that Russia could make oversized cuts to crude exports that could send global Brent price to jump to $190/bbl - $380/bbl.

Despite the warnings and outlooks of tight global energy markets, Brent prices slipped under $100/bbl Tuesday morning on fears of COVID-19 resurgence in China, added concerns about a worldwide recession.
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