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Israel-Iran conflict unlikely to cause oil supply disruption, says Energy Aspects' Richard Bronze
CNBC Television· 2025-06-13 18:16
the US might jump in and try to do something to ameliorate the situation. Pippa. Thanks.Appreciate it. Pippa Stevens. For more on where energy prices go from here, let's bring in Dan Pickering from Pickering Energy Partners.Dan, it's great to see you. Always a crisis. I think I liked it better with negative oil but then it was COVID.So what's your sense about what to do with crude now for investors who might have been way, way on the sidelines, given up on the on the sector. And for those who are wondering ...
The importance of Iran's energy complex. Here's a breakdown
CNBC Television· 2025-06-13 18:15
In the sea of red, energy is the only sector uh on top today with oil prices moving sharply higher on the heels of of Israel's air strikes against Iran. Crude's still up about 7%. Pipa Stevens has a closer look at Iran's energy complex and why the state of Hormuz Pipa is going to be key here.So Kelly, oil's next move really depends here on how Iran responds to the attacks. Now the country itself is not a major supplier. They export about 1.7% million barrels per day with more than 90% of those exports comin ...
Energy prices surge on Middle East risks
CNBC Television· 2025-06-13 14:19
months. Pipa Stevens is tracking all of that action. A lot of other commodities as well.Uh Pipa, that's right, David. So, oil is still up 6%, but as you said, well off the highs of the session after WTI at one point jumped 14% overnight, underlining the fact that so far no oil supply has actually been disrupted with several firms saying prices cannot sustain these levels unless barrels actually come off the market. The focus now turns to Iran's response since that is likely what will dictate oil's next move ...
Bronze: It’s a case of watch and wait for oil prices
CNBC Television· 2025-06-13 11:28
So Richard, where could we see oil go. We saw earlier this morning it spiked. It was up about 15 14% earlier, but we've seen this before where geopolitical events happen, the price spikes, and then it just seems to come right back down.Do you think this time maybe different. Well, I think the question really depends what happens next and that's what the oil price is starting to reflect. How big is Iran's response.Is it only targeted at Israel or does it also extend maybe to US bases to other allies in the r ...