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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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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 Earlier today, Brent topped $77 per barrel, with ING the latest to say it could top $120 per barrel in the case of a supply disruption. Citi, however, does not believe supply disruption would have…

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

OilPrice

However, the bank admitted oil could top $90 in case of Iranian supply disruption. Goldman’s analysts pointed to the disruption of oil flows via the Bab el-Mandeb Strait by the Yemeni Houthis’ attacks on vessels as an example of the fragility of Middle Eastern oil export security.

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India, Pakistan Brace for Oil Price Surge, Seek New Oil Suppliers

OilPrice

India and Pakistan are weighing their options in case the Israel-Iran conflict disrupts oil supplies through key chokepoints. While many analysts are still not convinced that Iran can actually afford to close the Strait of Hormuz, as it has threatened, it’s a big gamble, and Indian refiners are making backup plans.

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UK Reconsiders North Sea Oil and Gas to Lower Energy Bills

OilPrice

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills.

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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. It remains unclear when the decision will be made public.

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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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