As the Iran war continues to choke flows through the Strait of Hormuz and scramble global crude markets, Moscow’s flagship Urals blend is essentially printing money.
Another big giant present with a bow on top from Trump to Putin.
It’s a bit misleading because production is almost never fully stopped. Sometimes a tank is blown up, meaning less buffer, sometimes some pipes get blown up, which brings it down for a day, but they almost never go fully offline for a long time. Some refineries have been hit multiple times because they re-start functioning a day after.
It’s a bit misleading because production is almost never fully stopped. Sometimes a tank is blown up, meaning less buffer, sometimes some pipes get blown up, which brings it down for a day, but they almost never go fully offline for a long time. Some refineries have been hit multiple times because they re-start functioning a day after.