Similar Stories to Opec+ Could Cushion Iran Oil Shock But Not Broader Disruption - Reuters on Bing News

OPEC+ could cushion Iran oil shock but not broader disruption ReutersMiddle East conflict lifts oil prices despite large US crude build ReutersWhy the Conflict Between Iran and Israel Has Raised Oil Prices Only Modestly The New York TimesDow ekes out narrow gain Wednesday as Middle East tensions weigh on markets: Live updates CNBCThe US economy teeters after it's hit by a triple threat: Middle East escalation, port closures, and Hurricane Helene Business Insider

BING NEWS:
  • Oil shock? How OPEC+ could soften the blow if the Middle East conflict hits supply.
    “OPEC+ has 5.8 million bpd [barrels per day] spare capacity to compensate for Iran’s 1.7 million bpd of discount sanction barrels,” said Robert Yawger, director of energy futures at Mizuho Securities ...
    10/2/2024 - 11:43 am | View Link
  • Analysis-OPEC+ Could Cushion Iran Oil Shock but Not Broader Disruption
    Iran fired hundreds of missiles at Israel on Tuesday in response to Israeli airstrikes and attacks. Israel’s Prime Minister Benjamin Netanyahu said Iran made a big mistake and would pay for it, and ...
    10/2/2024 - 10:57 am | View Link
  • OPEC+ could cushion Iran oil shock but not broader disruption
    OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities but the producer group would struggle if Iran retaliates by hitting ...
    10/2/2024 - 9:36 am | View Link
  • Energy Boost: Oil Stocks’ Run Isn’t Over as Iran-Israel Tension Escalates
    Concerns about supply in the Middle East, coupled with rate cuts by the Fed and economic stimulus in China., could push crude. prices and oil stocks even higher.
    10/2/2024 - 6:01 am | View Link
  • Stocks fall, safe haven assets rally with oil as Iran fires on Israel
    Asian stocks eased near two-and-half-year highs on Tuesday and the U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell that scuppered bets of big interest rate cuts, ...
    10/1/2024 - 11:30 am | View Link
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