Goldman Sachs flags scope for higher oil and gas on Middle East scenarios
If oil flows through the Strait of Hormuz were to drop by half for a month and remain 10% lower for another 11 months, Brent would spike briefly to as much as $110 a barrel, analysts including Daan Struyven said in a note. Should Iranian supply fall by 1.75 million barrels a day, Brent would peak at $90.
If oil flows through the Strait of Hormuz were to drop by half for a month and remain 10% lower for another 11 months, Brent would spike briefly to as much as $110 a barrel, analysts including Daan Struyven said in a note. Should Iranian supply fall by 1.75 million barrels a day, Brent would peak at $90.
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