Oil prices (CL=F, BZ=F) have moved higher following news that producer BP (BP) will temporarily halt shipments through the Red Sea after reported attacks on vessels delivering on this route. Analysts estimate 12-15% of the global oil supply moves through this passage from the Middle East, meaning any prolonged closure could impact availability in relevant markets.
Yahoo Finance Ines Ferré breaks down the details and what these pressures will mean for oil and natural gas prices.
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Oil prices set to rise globally and inflation increases globally
If only Biden didn’t do all those executive orders against oil drilling on first day in office.
If only Biden didn’t do all those executive against oil drilling.
Imperialism is on free falls from the highest.
The Red Sea is closed
All will part away
No one but me is evergreen
Ice ice baby’s
Real easy to correct this. We have no need for shipping of oil. Think about how much diesel fuel is used shipping it. Its here. We have all of it here. 🤦🏼♂️. We are being led by low iq feelings.
Yet, the government has enough to keep sending billions of our taxpayer’s money to Ukraine and Israel…
Yet, the government still has enough to keep sending billions of our taxpayer’s dollars to Ukraine and Israel…
Bidenomics🤮
Biden did this
So basically really cold weather is coming so we’re going to jack prices up so we can gouge tf out of you for some more money, bcuz we are greedy af and couldnt care any less bout your struggles…..
-duly noted
Wait, it’s their marine territory hahaha
Are you telling me that the United States wants to dictate other’s territory?
HAHAHA The US and Europe think the world are their slaves so they can whip as they wish.