OilPrice.com (July 20)
“Traffic via Hormuz is once again paralyzed, tanker crossings are sporadic, and Iran and the United States are intensifying the exchange of fire. Meanwhile, global oil stocks are melting like snow. Oil prices have been on a climb for over a week now as hostilities in the Middle East continue, and despite recent talk of a glut, the physical market is flashing signs of tightness—and higher oil for longer.”
Tags: Global oil stocks, Glut, Higher, Hormuz, Hostilities, Intensifying, Iran, Longer, Middle East, Oil prices, Paralyzed, Physical market, Tanker crossings, Tightness, Traffic, U.S.
New York Times (March 4)
“All eyes are on the Gulf states’ vulnerable energy facilities and on the Strait of Hormuz, the transitway for crude oil and natural gas that has been paralyzed by Iranian forces” as Iran seeks “to drive up the cost of war….. Unless energy shipments quickly return to normal levels, the upheaval could batter the global economy and ratchet up pressure on President Trump.”
Tags: Batter, Cost of war, Crude oil, Energy facilities, Energy shipments, Global economy, Gulf states, Iranian forces, Natural gas, Paralyzed, Pressure, Strait of Hormuz, Trump, Upheaval, Vulnerable
Bloomberg (February 22)
“Unloved during the pandemic with their business paralyzed almost overnight, airlines that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.” Surging demand amid a tight labor market may be grating for travelers, but “for investors, it means some of the airlines they own are generating more than twice as much revenue per worker than they were two years ago.”
Tags: Airlines, Business, Crisis, Investors, Pandemic, Paralyzed, Profit forecasts, Revenue per worker, Surging demand, Survive, Tight labor, Unloved
Bloomberg (March 25)
“It’s the worst epidemic of our times, a health emergency that has now left more than 420,000 infected, 18,800 dead and paralyzed the global economy. The scale has been clear for weeks.”Yet the same “baffling” decisions are “being repeated, over and over again. From Italy to the U.S. and Britain, each government first believes its country to be less exposed than it is, overestimates its ability to control the situation, ignores the real-time experience of others and ultimately scrambles to take measures.”
Tags: Baffling, Dead, Decisions, Emergency, Epidemic, Global economy, Health, Infected, Italy, Paralyzed, Repeated, U.S.
