Geopolitics Alpha

Saudi Aramco seeks overseas oil stockpile expansion after Iran war

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Saudi Aramco seeks overseas oil stockpile expansion after Iran war

Saudi Arabia and state oil giant Aramco are seeking partnerships to expand overseas oil storage after the Iran war exposed vulnerabilities in the kingdom’s energy network, CEO Amin Nasser said Thursday in an interview with Al Arabiya Business.

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline+1.5%

    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+0.9%

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR+4.9%

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • DAL Delta Air Lines-0.7%

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO+2.38%-1.82%baseafter closeafter closeafter closeafter close
INSW+1.36%-3.49%baseafter closeafter closeafter closeafter close
DHT-2.28%-3.23%baseafter closeafter closeafter closeafter close
TNK+1.72%-0.66%baseafter closeafter closeafter closeafter close
USO-0.46%-1.11%baseafter closeafter closeafter closeafter close
XLE+0.97%+0.55%baseafter closeafter closeafter closeafter close
LMT-6.43%-7.02%baseafter closeafter closeafter closeafter close
RTX-0.33%-0.66%baseafter closeafter closeafter closeafter close
XOM+0.46%-0.17%baseafter closeafter closeafter closeafter close
DAL-4.91%-3.24%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Saudi Aramco seeks overseas oil stockpile expansion after Iran war Iran International

Source: Iran International

Energy

CompanyWhenMoveStatus
DALthree days earlier-3.24%final price
DALfive days earlier-4.91%final price
DHTthree days earlier-3.23%final price
DHTfive days earlier-2.28%final price
FROthree days earlier-1.82%final price
FROfive days earlier+2.38%final price
INSWthree days earlier-3.49%final price
INSWfive days earlier+1.36%final price
LMTthree days earlier-7.02%final price
LMTfive days earlier-6.43%final price
RTXthree days earlier-0.66%final price
RTXfive days earlier-0.33%final price
TNKthree days earlier-0.66%final price
TNKfive days earlier+1.72%final price
USOthree days earlier-1.11%final price
USOfive days earlier-0.46%final price
XLEthree days earlier+0.55%final price
XLEfive days earlier+0.97%final price
XOMthree days earlier-0.17%final price
XOMfive days earlier+0.46%final price
ZIMthree days earlier+0.29%final price
ZIMfive days earlier+0.53%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“Saudi Aramco seeks overseas oil stockpile expansion after Iran war” scores 12 out of 100. The score uses 1 sources.