Coal-fired power plants are the main source of electricity in the region: in 2023, they accounted for 44% of generation, another 30% was provided by gas (29%) and oil-fired power plants (1%), and the remaining 26% came from renewables. The dominance of coal generation is largely due to the high availability of this
Tidewater CEO Quintin KneenTidewater
The first consequence of this geopolitical mayhem is that all shipping stocks and oil and gas service company shares remain highly volatile. Plausible scenarios can be modelled either that there will be a glut of oil next year, or that an Israeli attack on Iran’s Kharg Island terminal could drive prices to record nominal highs. At the time of writing (a few days before you read