Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
Category: Saudi Arabia
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business: -
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business:The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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What LIV Golf’s Demise Means for Saudi Influence
The New York Times – Business:The upstart golf circuit couldn’t conquer the sport, despite big spending by Saudi Arabia. Its end signals limits to how much the country will spend.
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What’s Driving the Wartime Stock Rebound
The New York Times – Business:The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
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Investors Question Whether Quick Peace in Iran Is Possible
The New York Times – Business:Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
The New York Times – Business:Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
The New York Times – Business:Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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U.S. Tech Giants Flocked to the Persian Gulf. Now They Are Targets.
The New York Times – Business:Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.