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Refiners Could Wait Weeks for Oil, Even After Strait Is Fully Reopened, Macquarie Says
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Neutral
AI Confidence
94%
Time Horizon
Short Term
Article Context
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Some refiners could wait several weeks for oil even after the Strait of Hormuz is fully reopened, keeping up the pressure on prices. Macquarie Group Global Energy Strategist Vikas Dwivedi said in a recent note that oil could hit a record of $200 a barrel if the Iran war drags on. He speaks on Bloomberg Surveillance. (Source: Bloomberg)
Original article published by
Bloomberg
on March 31, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.