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JPMorgan shifts focus from Hormuz oil chokepoint to Russian refining crisis
JPMorgan analysts shift oil market focus from Strait of Hormuz risks to Russian refining crisis, with refinery output down nearly 40% from pre-war levels.
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zerohedge.com
JPM: The Big Question Is No Longer About Hormuz And Oil, It's All About Refining And Russia
Russian refinery runs have fallen to 3.8 mbd in June, 1.5 mbd below the start of the year, making Russia one of the largest contributors to today’s exceptionally weak global…
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cryptobriefing.com
JPMorgan shifts focus to refining capacity, Russian crude exports amid market changes
JPMorgan shifts focus to refining capacity and Russian crude exports. WTI reaching $110 in July 2026 at 4.5% YES.
