Will Cunliffe
Research Analyst, The Officials
Let the ink flow!
Hezbollah and Israel continue to exchange strikes, the oil super glut is back, and China wants to increase shale gas production as it shores
Hezbollah and Israel continue to exchange strikes, the oil super glut is back, and China wants to increase shale gas production as it shores up its financial infrastructure
The fighting continues. Despite the ‘ceasefire’, Israel and Hezbollah keep firing missiles at each other. Iran is warning if this continues, it will retaliate against Israel – again… It’s still two days until the final signing ceremony in Geneva, so there’s plenty of time for things to go belly up. Even so, prices are grinding lower, down to a low near $78, while the prompt Brent spread plunged to a low of 4c this morning! Regardless, the oil is flowing. Most of it is Iranian, however! A few Iranian VLCCs have passed through the After a period of not transmitting from its transponder, the Diona (IMO: 9569695) popped u just outside the US blockade line and continues to head southeast. The Hero2 (IMO: 9362073) has been more transparent, travelling from the Iranian port of Chabahar to the open ocean, pinging its location almost throughout.
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