Torbjorn Tornqvist, co-founder and chairman of independent oil trader Gunvor, stated that the ongoing conflict in the Middle East will not affect global oil supply. He emphasized that the market is more concerned about slowing oil demand growth.
Oil supply from the Middle East will not be impacted by the conflict in the Middle East, according to Torbjorn Tornqvist , co-founder and chairman of one of the world’s biggest independent oil traders, Gunvor . “I’m very confident that this will not have any impact at all on oil supply ,” Tornqvist said at the Energy Markets Forum in the UAE on Tuesday, commenting on the conflict in the Middle East.
Early on Tuesday, both benchmarks, Brent and WTI, were down by about 1% as persistent concerns about demand and large spare production capacity at OPEC were overshadowing risks to supply from the Middle Eastern conflict. Many analysts believe that the Middle East geopolitical premium is already baked in in the price of oil. “The oil market’s response to developments in the Middle East over the weekend has been somewhat muted.
Oil Supply Middle East Conflict Torbjorn Tornqvist Gunvor Demand Growth
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Joe Biden calls for diplomatic solution to Middle East conflict in final United Nations addressDuring his speech in New York, the US president also praised the support his Western allies have given to Ukraine since Russia invaded in February 2022.
Weiterlesen »
UK Launches Diplomatic Effort to Avert Middle East ConflictBritain has initiated diplomatic efforts to prevent a full-scale regional conflict in the Middle East. Foreign Secretary David Lammy contacted his Iranian counterpart, Abbas Araghchi, urging Iran to use its influence over Hezbollah to de-escalate the situation.
Weiterlesen »
Britain Seeks to Avert Regional Conflict Amidst Escalating Middle East TensionsAmidst escalating tensions between Israel and Lebanon, Britain has launched a diplomatic effort to prevent a full-scale regional conflict. Foreign Secretary David Lammy contacted his Iranian counterpart, urging Iran to use its influence over Hezbollah to de-escalate the situation.
Weiterlesen »
Exploding Hezbollah Pagers: A New Dimension in Middle East ConflictAn explosion attack using modified pagers has rocked Lebanon, injuring thousands and killing 12. The incident adds a new and concerning dimension to the ongoing conflict between Israel and Hezbollah. While Israel remains silent, Hezbollah accuses Mossad of planting explosives inside 5,000 pagers at the production level.
Weiterlesen »
A fresh start in Belfast for Palestinian scholars fleeing Middle East conflictThe one-year Copty Scholarship was set up by Georgina Copty and her husband Chris McDowell to help transform lives through education.
Weiterlesen »
Middle East latest: Hezbollah launches rockets into Israel in first attack since pager blastsAt least 12 people were killed and thousands of others injured in a wave of page explosions across Lebanon yesterday. The militant group Hezbollah, whose members used the pagers to communicate, has blamed Israel for the attack.
Weiterlesen »