The biggest impact of Soleimani’s death so far appeared to be on oil prices -- but consumers won't feel the impact immediately, experts say.
The death of an Iranian military leader in a U.S. airstrike has sent markets reeling. But U.S. consumers won’t feel the impact of rising oil prices immediately.
But the biggest impact of Soleimani’s death so far appeared to be on oil prices BRN00, +0.15%. Crude oil prices CL00, +3.04% jumped 3.42% to more than $63 on Friday morning, the highest level since April 2019. But one analyst suggested that oil prices CL.1, +3.04% could go as high as $80 even if a full-blown war between the U.S. and Iran didn’t materialize.
We’ve added 7.5 million barrels a day of oil production versus a decade ago. That has been a paradigm shift in terms of the global demand and supply balance.’ —Patrick DeHaan, head of petroleum analysis at GasBuddy These days, however, the global landscape of oil production is very different in one major way: The U.S. is now one of the world’s largest oil producers. And that’s good news for Americans.
‘Saudi Arabia literally has switches they can pull, and within perhaps a week they can have over a million barrels a day of additional production available.’ —Patrick DeHaan, head of petroleum analysis at GasBuddy However, if oil prices rise even more — and for a more extended length of time — U.S. oil producers will have a more difficult time keeping a lid on gas prices. Oil producers in the U.S.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Top Iran commander Qasem Soleimani killed in Baghdad raid - Iraqi state TVIranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed late on Thursday in an air strike on their convoy in Baghdad airport.
Lire la suite »
Soleimani, a general who became Iran icon by targeting USFor the U.S., Maj. Gen. Soleimani was a shadowy figure in command of Iran’s proxy forces and behind the deaths of American troops in Iraq. For Iranians he widely represented a figure of national resilience in the face of four decades of U.S. pressure.
Lire la suite »
Tensions as US strike kills top Iran commander Soleimani - latest updatesPresident Trump ordered Qasem Soleimani's 'killing' after a pro-Iran mob laid siege to the US embassy in Baghdad, the Pentagon said. Hashd al Shaabi deputy chief Abu Mahdi al Muhandis was also killed in the strike.
Lire la suite »
Gen.\u00a0Qasem Soleimani: Iran vows vengeance for commander's killing
Lire la suite »
Why was Qasem Soleimani indispensable for Iran?Soleimani's death is a major blow to Iran's regional ambitions as the self-contained general was at the forefront of tilting the Middle East in Tehran's favour.
Lire la suite »
Iran names deputy Quds Force commander to replace Soleimani after killingIran's supreme leader appointed the deputy commander of the Quds Force, Bri...
Lire la suite »