The Situation Room: Energy Shipping Pressure on the Geopolitical Scene

The Situation Room: Energy Shipping Pressure on the Geopolitical Scene

by | published October 15th, 2019

Welcome back from the weekend, Oil & Energy Investor readers.

This was a busy weekend recovering from travel and gathering information on Friday’s attack on the Iranian oil tanker.

As expected, both Brent and WTI crude prices have recovered from the initial spike caused by the breaking news, but with regional tensions on the rise, the possibility of escalation is always present.

In the meantime, I will be keeping my eye on the situation and keeping you apprised of any significant developments.

Let’s get started with this week’s focus points…

1. Returning to New York

First I will be assessing the revisions underway in domestic U.S. energy financing trends in advance of a New York City meeting later this week with primary private investment representatives.

2. Rising Shipping Costs

I will be looking into the latest intel I am receiving from my network on threats to Persian Gulf and Red Sea shipping.

On Friday, an Iranian-owned oil tanker was struck by two missiles in the Red Sea near the port of Jeddah, off the coast of Saudi Arabia. The Iranian Foreign Ministry stated the ship was hit twice, but refused to confirm what had struck it. You can find my initial analysis of the situation right here.

These events are shaping up as major changes to the energy market in advance of my strategic meeting in London beginning the end of next week.


Kent Moors

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