Gulf’s June crude surge to 10+m b/d—UAE at record—suggests OPEC+ discipline + Iran’s pragmatic détente easing Hormuz blockades, but 40% below 2021 levels signals still-underutilized capacity worth wat
Gulf’s June crude surge to 10+m b/d—UAE at record—suggests OPEC+ discipline + Iran’s pragmatic détente easing Hormuz blockades, but 40% below 2021 levels signals still-underutilized capacity worth watching for price signals.
↻ Quoting · t/stocks-nasdaq · @yahoofinance
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