Oil Producers Stung as Iran Blockade Sends Brent Crude to $83.55

The Iran blockade has pushed Brent crude to $83.55 per barrel, affecting oil and gas producers worldwide.

Peabody Energy (BTU), a coal producer with operations in Australia and the US, is exposed to this news due to its mix of forecast earnings recovery and capital returns.

The company's seaborne exposure is already feeling stronger thermal coal pricing as competing fuels become more expensive.

Another stock impacted is Amplitude Energy (AEL), an Adelaide-based oil and gas producer focused on natural gas and low-cost oil in southeast Australia.

This company gives investors direct exposure to movements in oil and gas prices, with its plants located close to major East Coast demand centers where gas is increasingly used to back up the power grid.

PetroTal (TSX:TAL), a Houston-based oil and gas producer focused on Peruvian crude, also faces risks from Brent-linked pricing and fragile logistics in Peru.