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How High Will Oil Prices Go on a Middle East Supply Disruption?

OilPrice

Crude oil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 million barrels daily in production, Citi analysts have said, putting Brent crude’s wartime price at between $75 and $78 per barrel. Citi, however, does not believe supply disruption would have…

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JP Morgan: Oil Could Hit $130—But We’re Still Calling $60

OilPrice

JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran, the U.S., and potentially Israel. Markets are already partially pricing…

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Goldman Sachs: Geopolitical Risk Could Add $10 to Oil Prices

OilPrice

Geopolitics could move Brent crude higher by around $10 per barrel, Goldman Sachs has estimated, from a starting point in the mid-$70s. However, the bank admitted oil could top $90 in case of Iranian supply disruption.

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Goldman Warns Brent Could Surge to $110

OilPrice

Brent crude could rise all the way to $100 and more, peaking at $110 per barrel in case Iran closes the Strait of Hormuz, Goldman Sachs said in a new note. The investment bank said this price could materialize if oil flows via the vital chokepoint were cut by half for a month and remained 10% lower than normal over the next 11 months.

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Exxon-Hess Arbitration Case Close to End

OilPrice

The dispute between the two concerns the latter’s stake in the Stabroek Block in Guyana, which has yielded a string of oil discoveries since the start of exploration, giving Exxon and Hess—along with their partner CNOOC—access to over 11 billion barrels in recoverable crude. Exxon holds…

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Oil Prices Dip but Bullish Sentiment Remains

OilPrice

per barrel, with West Texas Intermediate at $67.41 per barrel, after on Wednesday Iran’s defense minister threatened strikes on U.S. bases in the region in case the nuclear talks with Washington failed. The drop was driven by profit-taking, but bullish sentiment remains. At the time of writing, Brent crude was trading at $68.95

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American Shale Chief Tells Peers to Stop Drilling 'Right Away"

OilPrice

Shale boss Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, appears to have called on Americas shale drillers to cut drilling immediately, as Brent crude flirts with prices below $60 and WTI falls to $57/barrel.

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