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BP: Middle East Tensions, OPEC+ And Oil Above $70
BPBP(US:BP) Seeking Alpha·2024-01-14 03:03
Bruce BennettThe current situation in the Middle East as well as recent voluntary production limitations on the part of major OPEC+ members strongly indicate that BP (NYSE:BP) could be set, not for a record year in 2024, but for a solid year in terms of earnings nonetheless. After the escalation of the Israel-Gaza conflict in October, Iran-backed Houthis have started to attack shipping in the Red Sea and tensions with Iran also put at risk one of the most important oil arteries in the world: the Strait  ...