Dossier
Angelicoussis Group
Coverage of Angelicoussis Group in the Nexus archive.
- Why oil’s not at $200 after the biggest supply shock in history
The Strait of Hormuz has been effectively blocked for over three months, yet oil prices remain below $100 a barrel due to factors like record US exports, reduced Chinese demand, and rerouted shipments. Workarounds including strategic reserve releases and alternative shipping routes have mitigated the supply shock, defying forecasts of prices reaching $200.