2:29 a.m. Goldman Sachs released a research note. To be honest, I forwarded it after reading just the first paragraph. Personally, I don’t trade the energy sector very often. It requires a deep understanding of industry cycles and long-term sector observation. Roughly one-fifth of the world’s oil passes through the Strait of Hormuz every day. Right now, that artery is blocked. How large is the disruption? Goldman gives a number: 17 mb/d (million barrels per day). For context: when the Russia–Ukraine War broke out in 2022, the global market was already rattled by Russian production cuts. At the peak, the supply shock was roughly 1 mb/d. What we’re looking at now is 17 times that. What about rerouting? Saudi Arabia and the United Arab Emirates have two pipelines that could theoretically dive
💰Stocks to watch today?(9 Mar)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
+ Follow
+1393