Geopolitics Alpha

Mideast oil exports are recovering. Fresh attacks in Saudi Arabia show risks remain.

Published . Updated .

More oil is flowing out of the Persian Gulf again, with exports approaching prewar levels. So why are prices so stubbornly high?

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • STNG Scorpio Tankers

    Tanker operators earn more when freight rates spike

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
XOM———————
CVX———————
STNG———————
DAL———————

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More oil is flowing out of the Persian Gulf again, with exports approaching prewar levels. So why are prices so stubbornly high?

Source: MarketWatch

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Persian Gulf on the map for this story

Persian Gulf has 26 linked stories in the last 7 days and 26 in the last 30 on the page that also carries “Mideast oil exports are recovering. Fresh attacks in Saudi Arabia show risks remain..” The recent pace is rising.

How solid the energy case looks

12 out of 100

“Mideast oil exports are recovering. Fresh attacks in Saudi Arabia show risks remain.” scores 12 out of 100. The score uses 1 sources.