Oil prices could hit $200 per barrel if the war in Iran persists through the end of June, according to strategists from Macquarie Group. If the war were to stretch well into the summer, the strategists wrote in a client note on Wednesday, prices would need to move high enough to "destroy an historically large amount of global oil demand," likely requiring Brent crude prices above $200 per barrel and pushing US gasoline prices up to roughly $7 per gallon. On Friday, Brent (BZ=F) futures traded above $1 ...

Key Takeaways Shell CEO Wael Sawan warns Europe may face an energy crisis as soon as next month.Supply disruptions due to the conflict are pressuring jet fuel, diesel, and gasoline markets.Shell is working with governments on storage and fuel purchases to help them navigate the energy crisis.The British energy giant, Shell plc’s (SHEL) CEO, Wael Sawan, warned that an energy crisis may hit Europe as soon as next month. The warning reflects energy shortage concerns due to the ongoing conflict in the Middle Ea ...

24 March 2026 | 10:43PM EDT Commodities Research Oil Tracker: Diplomatic Path in Focus; Low Hormuz Flows Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Yulia Zhestkova Grigsby +1(646)446-3905 | yulia.grigsby@gs.com Goldman Sachs & Co. LLC Filippo Cuscito +44(20)7051-9073 | filippo.cuscito@gs.com Goldman Sachs International Alexand ...

For the first time in decades, Australia has turned to the US as an emergency supplier . Around 240,000 tons of refined fuels have been secured – including roughly 120,000 tons of diesel, 70,000–80,000 tons of gasoline, and about 35,000 tons of jet fuel. The shipments consist of at least six vessels: three multi-product cargoes from ExxonMobil, two diesel shipments from BP, and one gasoline cargo from Vitol. Collectively, this marks the largest monthly inflow of US fuel to Australia since the 1990s.The impa ...

An explosion caused Valero (NYSE: VLO) to temporarily shut down its largest oil refinery on Monday. The 435,000-barrel-per-day (BPD) Port Arthur, TX, facility processes heavy sour crude oil into gasoline, diesel, and jet fuel. Here's what investors need to know about the incident and its impact on the energy market. 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 I ...

Refinery worker adjusts crude feedstock valve and gauge as crack spreads boost refining margins and small-cap oil stock outlook. Key Points Crude oil prices have surged since the start of the Iran War, boosting the stocks of oil and gas companies across the industry. One unlikely beneficiary has been downstream refiners that benefit from large crack spreads, which measure the difference in raw and refined petroleum products. If these spreads normalize quickly, refiner margin compression will follow, so ...

Patrick Puane, Total Energy CEO and chairman. Thank you so much for being here. I want to start with Iran because about 15% of your global production is now shut in.How are you managing through that. >> Security of our people is essential. So we evacuated not everybody.We let let today in the Middle East some essential workers working with our partners in Abu Dhabi Qar where we still have some operations and we need to take care families of course have been repatriated. Then I will tell you it's 15% of our ...

ab 19 March 2026 Global Research European Energy Key takes from the UBS Conference We recently hosted our annual conference in London with 55 companies attending across the energy and utility sectors. From an energy perspective, we noticed a clear shift of tone as the market begins to digest the likely time it could take to reopen the Strait of Hormuz even partially, as well as the longer term implications of this conflict including the need to eventually refill inventories. In turn, it would appear a highe ...

China Petroleum & Chemical Corp. posted a marked earnings decline in 2025 as softer crude prices, weaker fuel demand, and continued pressure in chemicals weighed on results, even as the state-controlled major lifted oil and gas output to a record and maintained an aggressive shareholder return policy. The company reported revenue of RMB2.78 trillion and net profit attributable to shareholders of RMB32.48 billion under IFRS, down 9.5% and 33.6% year over year, respectively, while cash flow from operations r ...

Oil prices are rising due to the ongoing geopolitical conflict in the Middle East. You are already seeing the impact at the gas pump, but it won't stop there. Rising oil and natural gas prices will ripple through the economy, hitting some obvious businesses and affecting others in ways you may not expect. Here are six stocks likely to feel the pinch.Traveling is going to get more expensiveCarnival (CCL 3.29%) and JetBlue (JBLU 1.95%) are just two examples of many in the travel industry. Carnival's cruise sh ...