🪔 Aktham
11.9K posts


There is a historic divergence in oil prices across regions:
Oman crude prices are up to ~$154/barrel, crossing $150 for the first time ever.
At the same time, Dubai crude is up to ~$130/barrel, while Brent is trading at ~$102 and WTI at ~$93.
In other words, the gap between Oman and US prices now stands at ~65%, or ~$61 per barrel.
By comparison, before the Iran War, the difference between all benchmarks was just $5 in January and February.
Brent and WTI are priced based on US and European supply conditions, while the actual disruption is concentrated in the Middle East, meaning they do not fully capture the severity of the physical shortage YET.
If the Strait does not reopen, this divergence will narrow, as Brent and WTI will ultimately reprice higher once US and European oil reserves are depleted.
The global oil market cannot sustain prolonged Middle East disruption.

English
🪔 Aktham أُعيد تغريده

gonna try islam out for one day. wish me luck
Craig Weiss@craigzLiszt
learning arabic, just in case
English

@mohammed_hijab Pagan 👍 waiting for the moon?
I guess they give degrees to anyone these days.
English


@PLADSEE @EthanLevins2 Muslims consider him less important than a guy who raped a 9 year old.
English
🪔 Aktham أُعيد تغريده

@EthanLevins2 Ramadan has ended, its only natural for Satan to come out on this day
English

@EthanLevins2 Muslims think Jesus ranks lower than a child rapist. Sit down.
English

@Sword2ooo @SaudiNews50 حسابك غريب
في عمان ما عندنا ذي الوطنية المجنونة .
و موقعك مشكوك فيه .
العربية

@SaudiNews50 😂 اهل نجران معيدين والحكومة السعودية اعلنت العيد الجمعه
وين لي يتكلمو عن عمان اذا المواطنين داخل الدولة ما يمشو على راي حكومتهم
العربية






















