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Macquarie: Two More Months of War Could Send Oil to $200
Analysts warn a Middle East conflict could cause a severe global oil supply shock, with 20% of supply cut and prices possibly reaching $200 per barrel by June.
- Macquarie Group Ltd. analysts warned that oil prices could reach a record $200 per barrel if the Middle East conflict continues through the second quarter.
- Choking 20% of global oil supply, the closure of the Strait of Hormuz has sent both crude and refined-product prices soaring due to the magnitude of the disruption, analysts said.
- Brent crude recently traded near $110 per barrel, while Andrew Harbourne, Wood Mackenzie's senior analyst for oil markets, noted the International Energy Agency's 400-million-barrel release covers only four weeks.
- On Thursday, President Donald Trump pushed back a deadline for striking Iran's energy sites by 10 days, with Iran allowing 10 oil tankers to sail through the Strait as a goodwill gesture.
- Analysts assign a 60% probability the conflict concludes by the end of this month, though a 40% probability scenario stretches the war through June with sustained oil price pressure.
13 Articles
13 Articles
Macquarie: Two More Months of War Could Send Oil to $200
Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The odds of the Iran war dragging on until June were put at 40% by the analysts in a note carried by Bloomberg. But the scenario of the war ending by the end of March currently appears more plausible, with odds at 60%, according to Macquarie. “If the strait were to stay closed for an…
Times of India
The Economic TimesForget $150, oil at $200 is the new grave warning to the world
Global oil markets might be underestimating a major crisis. Macquarie Group warns crude prices could hit an unprecedented $200 a barrel. This scenario depends on the Iran conflict extending and keeping the Strait of Hormuz closed. Traders are already betting on Brent crude surging significantly. Escalating tensions in the Middle East are impacting vital oil flows.
Macquarie Warns of US$200 Oil if Iran War Runs to June
NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/macquarie-warns-of-us200-oil-if-iran-war-runs-to-june/Global energy analysts are now mapping out scenarios in which crude oil prices more than double from pre-war levels, with Macquarie Group placing a 40% probability on Brent crude surpassing $200 per barrel if the war in Iran and the closure of the Strait of Hormuz persist through the end of June…
Macquarie Group Limited, a financial services company based in Australia, warned that the price of the barrel of oil could reach a historical level of $200 if the conflict between the United States and Iran continues until June. Through a statement, the entity noted that there is a 40% probability that the price of crude oil will rise even higher than the current one if the conflict extends during the second half of the year. The long-term impac…
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