Javier Blas
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Commentary: Brace for a flood of oil as soon as Hormuz reopens
Commentary: Brace for a flood of oil as soon as Hormuz reopens The reopening of the Strait of Hormuz will be an extraordinary event, but the oil industry doesn't have a playbook for it, says Javier Blas for Bloomberg Opinion. When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15 per cent of the world’s production, that had been shut down for a hundred days and counting. Nothing even remotely close has...
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...