Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption

(Reuters) – Shale producer Occidental Petroleum  said in a filing on Friday its worldwide average ​realized oil prices rose 38.4% in ‌the second quarter compared with the previous three months, driven by higher benchmark crude ​rates amid the Middle East conflict. ​The U.S.-Iran war has injected a hefty geopolitical ⁠risk premium into the energy ​markets and … Read more