Gold Outlook Report 2023

The dominant narrative in relation to the Iran War is that the United States and Israel are mercilessly mauling the Iranians, and are on the verge of administering the coup de grâce, after which Iran will obeisantly submit to unconditional surrender, and bathe Emperor Trump’s feet with their penitent tears. At least that’s the Hollywood […]

Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...