Tag: oil exports
Iraqi Prime Minister Adel Abdul Mahdi says any disruption to oil exports through the Strait of Hormuz will be a 'major obstacle' for his country's economy which has too few oil export outlets.
Money managers boosted their net-long position -- the difference between bets on rising prices and wagers on a decline -- in Brent crude by 4.1% after cutting them the most since 2016 a week earlier.
He did not elaborate, but an Iranian Revolutionary Guards commander explicitly said on Wednesday Iran would block any exports of crude for the Gulf in retaliation for hostile US action.
Indian Oil Corp. Chairman Sanjiv Singh says Saudi Arabia alone can cover most of the world’s supply shortfall in case Iran’s oil exports dry up.