JPMorgan Quantifies Middle East Energy War Damage - 2.4 Million Barrels Per Day of Refining Capacity Offline
Posted by freedomforall 2 days, 3 hours ago to Business
Excerpt:
"The report indicates that in the nearly six weeks since the conflict began, over 60 energy infrastructure facilities in the Gulf region have been affected by attacks. Among these, approximately 50 facilities have suffered varying degrees of physical damage. While most attacks are not expected to cause long-term disruptions, at least eight key assets have been severely damaged and face lengthy repair cycles.
The refining sector is one of the hardest-hit areas in this conflict. According to JPMorgan's estimates, a total of 20 affected refineries have been forced to shut down approximately 2.4 million barrels per day (bpd) of crude processing capacity."
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So, how was JP Morgan already positioned before releasing this "research"?
You can be certain publishing this "research" will enhance JPM's profits and steal from small investors.
"The report indicates that in the nearly six weeks since the conflict began, over 60 energy infrastructure facilities in the Gulf region have been affected by attacks. Among these, approximately 50 facilities have suffered varying degrees of physical damage. While most attacks are not expected to cause long-term disruptions, at least eight key assets have been severely damaged and face lengthy repair cycles.
The refining sector is one of the hardest-hit areas in this conflict. According to JPMorgan's estimates, a total of 20 affected refineries have been forced to shut down approximately 2.4 million barrels per day (bpd) of crude processing capacity."
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So, how was JP Morgan already positioned before releasing this "research"?
You can be certain publishing this "research" will enhance JPM's profits and steal from small investors.
and how much damage to property - as long as their own property values increase.