The potential for disruptions in oil exports from the Middle East raises concerns about global supply stability
Investors are increasingly cautious about a potential offensive against energy infrastructure in the world’s largest crude-exporting region, which could disrupt exports in an area that produces a third of the world's oil.One scenario that could push oil prices even higher—potentially to $100 per barrel—is the possibility of Iran blocking the Strait of Hormuz. This vital sea channel is one of the most important in the world for global energy logistics.
Ovintiv’s strategic focus on reducing debt, improving shareholder returns, and maintaining a diversified portfolio of assets allows its operational flexibility and efficiency. With 19 analysts' ratings , the stock is considered a strong buy, with an average price target of $18.95.) is a major player in oil and gas exploration, with operations across the United States, the Middle East, Africa, and Latin America.
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