Valero Energy (VLO) – Oil price shock looming: The Middle East conflict sorts the winners from the losers in the energy sector!
Not the oil giant, but the US refiner and the shale oil producer are the true winners of this energy crisis!
An oil price of 100 USD is no longer a worst-case scenario – it is the reality of the new week!
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The blockade of the Strait of Hormuz fundamentally changes the global oil market – and faster than most market participants expected. Since the outbreak of the Iran conflict, prices have climbed by around 40% to over 105 USD per barrel, with the breach of the 100 USD mark appearing sustainable for the time being. According to J.P. Morgan, there is already a shortfall of about 1.5 million barrels per day – and this bottleneck could expand to up to 6 million barrels in the short term, according to strategy expert Natasha Kaneva. What particularly...
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