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JP Morgan Warns Hormuz Blockade Could Cripple Iraq And Kuwait's Oil Flows In Under Two Weeks
Wednesday, March 4, 2026 - 6:51am | 422Read More...JP Morgan analysts have warned that the ongoing closure of the Strait of Hormuz could significantly reduce crude oil supplies from Iraq and Kuwait within days. Analysts, as cited by Reuters, predicted that the ongoing Middle East conflict could lead to a cut of 3.3 million barrels per day (bpd) by...
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Sinopec Reports 0.4% Rise In 2011 Crude Oil Output
Friday, January 6, 2012 - 5:43am | 60Read More...China Petroleum & Chemical Corp (NYSE: SNP) reported a 0.4% in 2011 crude oil output. Sinopec also reported a 16.8% surge in 2011 natural gas output. Last year, Sinopec discovered 81.4% more natural gas reserves and 29% more crude reserves than in 2010. Sinopec's refinery rates and output of...
