crudeoil
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🔴 Oil prices are falling, as economic growth slows in China, the world's largest importer of crude oil, which has increased concerns about demand, overshadowing the impact of the halt in production and exports from Libya.
#crudeoil #oil #OilMarket #informationuseful #TipCreator
#crudeoil #oil #OilMarket #informationuseful #TipCreator
🚨 Breaking News: 💬 Peter Schiff, CEO of Euro Pacific Capital and a prominent gold supporter and Bitcoin skeptic, criticizes CNBC for highlighting the decline in crude oil and Bitcoin prices but not mentioning the rise in the price of gold. #gold #Bitcoin2024 #crudeoil
🚨 Potential Impact on Iran’s Oil & Gas Production Amid a Conflict with Israel 🚨
If tensions between Iran and Israel escalate into all-out war, the global energy market could face massive disruptions. Here’s how Iran’s oil & gas production might be impacted:
⚡ Oil Disruptions:
• Key Infrastructure at risk: Kharg Island and Sirri Island, Iran’s lifelines for oil exports, could be targeted—putting 1.6-1.7M bpd of crude at risk! 💥
• Refinery Shutdowns: Attacks on major refineries like Bandar Abbas could cripple 300K bpd of refined oil products, causing massive shortages.
• Strait of Hormuz: A vital passage for 20% of the world’s oil could be cut off, shaking global supply chains. 🌍💥
⚡ Gas Disruptions:
• Pipeline Vulnerabilities: The Tabriz-Ankara pipeline, moving 9-10 bcm/year of gas to Turkey, could be halted.
• South Pars Gas Field: Disruption here would affect 1 bcm/day of natural gas, causing power outages and industrial slowdowns. 🏭💡
📉 Total Potential Impact:
• Oil Exports: Up to 100% of Iran’s 1.7M bpd crude oil exports could vanish from the market.
• Gas Exports: 17-20 bcm/year of gas, especially to Turkey and Iraq, could be at risk.
• Domestic Energy: Power shortages could hit home, with domestic consumption severely impacted.
🌐 Global Energy Market on High Alert! This is a critical moment for oil and gas traders. Stay vigilant and watch the markets as any disruption could cause a ripple effect worldwide.
#Binancepen_spark #crudeoil #NaturalGas #Debate2024 #Write2Earn!
If tensions between Iran and Israel escalate into all-out war, the global energy market could face massive disruptions. Here’s how Iran’s oil & gas production might be impacted:
⚡ Oil Disruptions:
• Key Infrastructure at risk: Kharg Island and Sirri Island, Iran’s lifelines for oil exports, could be targeted—putting 1.6-1.7M bpd of crude at risk! 💥
• Refinery Shutdowns: Attacks on major refineries like Bandar Abbas could cripple 300K bpd of refined oil products, causing massive shortages.
• Strait of Hormuz: A vital passage for 20% of the world’s oil could be cut off, shaking global supply chains. 🌍💥
⚡ Gas Disruptions:
• Pipeline Vulnerabilities: The Tabriz-Ankara pipeline, moving 9-10 bcm/year of gas to Turkey, could be halted.
• South Pars Gas Field: Disruption here would affect 1 bcm/day of natural gas, causing power outages and industrial slowdowns. 🏭💡
📉 Total Potential Impact:
• Oil Exports: Up to 100% of Iran’s 1.7M bpd crude oil exports could vanish from the market.
• Gas Exports: 17-20 bcm/year of gas, especially to Turkey and Iraq, could be at risk.
• Domestic Energy: Power shortages could hit home, with domestic consumption severely impacted.
🌐 Global Energy Market on High Alert! This is a critical moment for oil and gas traders. Stay vigilant and watch the markets as any disruption could cause a ripple effect worldwide.
#Binancepen_spark #crudeoil #NaturalGas #Debate2024 #Write2Earn!
