Rystad Energy & Brent Crude

Rystad Energy: Jorge Leon, an analyst at Rystad Energy, noted that the United Arab Emirates' withdrawal marks a significant shift for OPEC, leading to a structurally weaker OPEC and potentially a more volatile oil market.

Brent Crude: Brent Crude prices have been significantly affected by supply disruptions due to the Iran war and the effective closure of the Strait of Hormuz, with the United Arab Emirates' exit from OPEC potentially adding to future price volatility.

Rystad Energy: Rystad Energy economists provided analysis on potential crude oil supply losses due to the Strait of Hormuz closure and predicted price increases.

Rystad Energy: Rystad Energy, through its head of geopolitical analysis Jorge Leon, provided expert commentary on the impact of the Strait of Hormuz situation on oil markets.

Rystad Energy: Rystad Energy is an energy intelligence company whose vice president of oil markets, Janiv Shah, provided analysis on United States crude exports.