Illustrating the Private Credit Crisis: Blue Owl Plummets 66%, How Did Goldman Sachs “Escape Death”? | Bee Network
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This figure exceeds the combined losses of the 1973 oil embargo and the 1979 Iranian Revolution crises. Energy infrastructure at over 40 sites across 9 Middle Eastern countries suffered varying degrees of damage. Concurrent IEA data shows that global natural gas supply losses reached 140 billion cubic meters, nearly double the European gas losses (75 billion cubic meters) during the Russia-Ukraine conflict. In three weeks, the quantitative impact of this conflict on the energy market has surpassed the entirety of the 1970s. But supply loss is only half the story. The other half is that this crisis has clear beneficiaries. Putin’s Windfall Before the Iran war began, Urals crude traded at less than $60 per barrel. This price had been locked in for nearly three years, a direct result of…# Analysis# MarketPre
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