Oil markets are losing an estimated 15 million barrels per day from the closure of the Strait of Hormuz—a loss that spells disaster for the global economy.
lost already 180 millon barrels (against 400 million release, allegedly, so 14 days left until they are forced to tap them again lmayo, total availability is around 1 billion, with 10-20% being very dodgy to get out, not to mention that’s apocalypse scenario for harvest).
oil futures 12 months out at 76 bucks, so whoever wanted to sell into it (russia/nigeria/usa) already gotten their money worth whatever happens tomorrow.
#roadto300 if this shit goes on for a month without changes
lost already 180 millon barrels (against 400 million release, allegedly, so 14 days left until they are forced to tap them again lmayo, total availability is around 1 billion, with 10-20% being very dodgy to get out, not to mention that’s apocalypse scenario for harvest).
oil futures 12 months out at 76 bucks, so whoever wanted to sell into it (russia/nigeria/usa) already gotten their money worth whatever happens tomorrow.
#roadto300 if this shit goes on for a month without changes
Not quite how it works. Because even thought they’re releasing 400m, their release capacity, I heard, is only 2m a day