Persian Gulf Oil Output Is Down 57%. These Are the Energy Stocks Built for This Moment. [Globe and Mail, The (Toronto, Canada)]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Globe and Mail, The
The IEA has released a record 400 million barrels from its emergency stockpile, including 172 million barrels from the U.S. SPR. Several oil pipeline companies are helping transport crude oil from storage to global markets. The war with Iran is having an enormous impact on the global oil market. According to an estimate by Goldman Sachs , oil production from the Persian Gulf region is down 57% from its pre-war level, or about 14.5 million barrels per day. The world is currently covering the shortfall by drawing oil from storage, including a record 400 million barrel release by members of the International Energy Agency (IEA). Here's a look at some of the energy companies built for moments like these. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. American's emergency oil sto
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