Darren Woods, CEO of Exonmobil, has described the impact of the Middle East struggle on the global oil market on the ‘special report’.
Exonmobil CEO Darren Woods Said that Iranian export has sufficient supply to the global oil market to face any supply disruption.
Woods said Fox News’ Brett Bair “on a special report”, “On the special report” Woods said, “The system today has enough additional ability to accommodate any Iranian oil coming out of the market.”
Woods were referring to how the market is more concerned about the ongoing struggle between Israel and Iran, which disrupts the Straight of Hormuz, which is located between Oman and Iran, and the world’s most important oil is considered to be the most important oil Chocapoint, Energy information administration,
Darren Woods, Chairman and Chief Executive Officer and Chief Executive Officer of Exonmobil Corp. (Through Andree Rudkov / Bloomberg Getty Image / Getty Image)
Oil prices rise after Israel’s attacks on Iran
According to Andy Lipo, president of the consulting firm Lipo Oil Associates, Iran produces 3.3 million barrels per day per day of crude oil and exports about 1.6 million barrels per day of 1.6 million barrels per day, which is less than 2% of the total global demand.
It is also a part of the oil that flows from the strainer of the hormuz. In 2024, the oil flowing through the waterway, which combines the Persian Gulf with the Gulf of Oman and the Arabian Sea, on average average 20 million barrels per day, on average to about 20% of the consumption of global petroleum fluids. To complicate cases, there are very few optional options to move the oil out of the straight if it is closed.
Oil prices rose on Friday as a market after the Israeli defense forces (IDF) as a widespread strike started on Iran’s nuclear facilities and military leaders. US West Texas Intermediate prices reached $ 72 per barrel as strike expressed concern over Wall Street Growing stress The Iranian energy between Israel and Iran can disrupt.
Exonmobil CEO Darren Woods said that Iranian exports have sufficient supply to the global oil market to face any supply disruption. (Reuters/Brandon McDermid/File Photo/Reuters Photos)
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However, prices began to cool as export capacity in attacks.
Woods said, “I think not to disrupt the oil supply,” I think. ,
Iranian oil may cause damage in the market that prices can increase up to $ 7.50 per barrel, but if the export of oil is affected through Hormuj’s straight, prices may climb to $ 100 according to Lipo.
He said that prices may have the most impact, which can have the most impact for oil tankers, which go to the US via Hormuz Strait.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Xom | Exon Mobil Corp. | 114.02 | +1.53 |
+1.36% |
Israeli missiles hit Iran’s Shah Ray Refinery near Tehran, which has a capacity of 225,000 barrels per day, and said Shahran Fuel Depot near Tehran, Lipo.
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Overall, Iran has 11 refineries per day with a combined 2.5 million barrels per day per day for oil refining capacity.
On the morning of June 13, 2025, Tehran, Iran allegedly grows smoke from a wave of Israel in a wave of Israel. (San/Middle East Picture/AFP Getty Image/Getty Image)
Iranian missiles hit Israel’s Haifa refinery, which has a capacity of 197,000 barrels per day. Israel has two refineries, of which 300,000 barrels have refining capacity per day.
