West Texas Intermediate & WSP Global

West Texas Intermediate: West Texas Intermediate, the U.S. benchmark crude, experienced a 27% fall in the last month, yet gasoline prices have not decreased commensurately, fueling the controversy and government scrutiny.

WSP Global: WSP Global, through its director Rob Smith, provided expert analysis on the lag between crude oil and gasoline prices, and also projected that Persian Gulf oil production would not fully rebound until at least Q1 2027.

West Texas Intermediate: West Texas Intermediate (WTI) crude prices have risen, mirroring the global trend in oil prices due to the Iran war.

WSP Global: WSP Global provides analysis on global fuel retail, explaining the dynamics of crude oil and gasoline prices in the context of the Strait of Hormuz constraint.

West Texas Intermediate: West Texas Intermediate (WTI) crude prices have also fallen to pre-war levels, reflecting the improved outlook for oil supply following the partial reopening of the Strait of Hormuz.

WSP Global: WSP Global has reported on the number of transits through the Strait of Hormuz, indicating a significant increase since the war began.

West Texas Intermediate: West Texas Intermediate crude oil prices tumbled due to optimism about a potential U.S.-Iran peace deal, which could lead to increased supply.

WSP Global: WSP Global revealed that Australia's services sector slipped into contraction in May, providing key economic data.