WS #15379
Shell's CEO provided the most authoritative assessment yet that oil flows from the Middle East have rebounded to 80% of pre-conflict volumes. This development significantly dampens the bearish thesis for a prolonged energy supply shock, suggesting that despite military escalation and the deployment of US B-1 bombers, the physical logistics of global energy trade are stabilizing. This is a critical signal for refiners and consumer discretionary sectors that were priced for a supply crunch.
Middle East Oil Stabilization
Shell's CEO provided the most authoritative assessment yet that oil flows from the Middle East have rebounded to 80% of pre-conflict volumes. This development significantly dampens the bearish thesis for a prolonged energy supply shock, suggesting that despite military escalation and the deployment of US B-1 bombers, the physical logistics of global energy trade are stabilizing. This is a critical signal for refiners and consumer discretionary sectors that were priced for a supply crunch.