Dossier
oil operational floor
Coverage of oil operational floor in the Nexus archive.
- World nears oil operational floor, $200/b without Hormuz deal
The International Energy Agency's May report warns of a poor outlook for oil markets in the second and third quarters of 2024, with hopes for improvement in the fourth quarter contingent on resolving the US-Iran conflict and reopening the Hormuz Strait. The report suggests oil prices could reach $200 per barrel if a deal is not reached.