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Beijing coronavirus outbreak (and likely lockdowns) weighing on oil

Beijing coronavirus outbreak (and likely lockdowns) weighing on oil

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Eamonn Sheridan
25/04/2022 | 01:13 GMT

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Gulf oil producers lose $15.1B+ as Strait of Hormuz closure halts 10M bpd & 20% LNG supply.

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Asia stocks slide, weekly losses loom as oil stays above $100, impacting rate outlook.

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KTOS trades at 114.6x P/E with low margins; SNEX at 1.9x P/E has high debt; BOW at 1.4x P/B shows strong growth.

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