Mon, Mar 23

NEWS: 'When will it end?’ The ‘elevator pitch’ oil executives and diplomats are making to the White House in Houston

The Iran war is dominating CERAWeek, where attendees hope to hear an end date. (Politico)

  • The room read: Top Trump energy officials are mingling with oil industry execs, who want a quick resolution. Shares of US LNG gas exporters are up >30% since the war started, but they have a long-term concern: Countries burned by supply disruptions are motivated to invest in closer-to-home alternatives.

  • Also at the conference: Foreign diplomats, who worry as supplies dwindle and recession looms. For example, Vietnam, Bangladesh, and the Philippines are set to run out of oil in three weeks.

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