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Oil Strategists Do Not Expect Mid East Tensions to Reduce Crude Supply

From rigzone.com

In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. “According to our global intelligence and security colleagues Michael Bender and Mariya Dimova, no major actor wants the conflict to result in all-out war and most parties appear to be responding to instigation in a measured way that does not seek heavy escalation,” the strategists noted in the report. “Sparring and skirmishes are likely to continue for the indefinite future. Maritime attacks by the ... (full story)

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  • Category: Fundamental Analysis