Brent crude oil surges to $100 a barrel for first time since May after reports of Red Sea attacks
St. Petersburg, FL – Joe Adamski, Managing Director at ProcureAbility, was recently featured in The New York Post, discussing the global energy crisis and its impact on oil prices as tensions in the Middle East disrupt supplies.
The New York Post
Stocks plunged Thursday as oil prices jumped to $100 a barrel for the first time since May following reported Houthi attacks on vessels in the Red Sea – fueling concerns that global energy supplies could get even more badly disrupted.
The Dow Jones Industrial Average fell 548 points, or 1.1%, by about 3:30 p.m. ET, while the S&P 500 and Nasdaq dropped 1.4% and 2.5%, respectively – breaking a streak of traders shrugging off concerns around the long-lasting conflict.
Brent crude oil prices had soared 6% to $100 a barrel as of the same time, while West Texas Intermediate crude jumped 5.6% to $92, setting the benchmarks up for huge monthly gains of roughly 40% and 30%, respectively.
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Managing Director
Joe Adamski has more than 17 years of advisory and consulting experience centered on strategic procurement and large-scale transformations. He has deep experience in launching and executing programs focused on strategic sourcing. Supply chain, procurement strategy, organizational design, and transformations.
Earlier in his career, Joe was an Air Force pilot before joining A.T. Kearney in their consumer practice. He has consulted with numerous Fortune 500 companies in a variety of industries. These include utilities, CPGs, grocery, retail, telecom, apparel, food and beverage, and government.
Joe holds a B.S. degree in Physics from the United States Air Force Academy and an MBA from Emory University’s Goizueta Business School. He enjoys boating, hiking, and spending time in the outdoors.
ProcureAbility, a Jabil company, is the leading provider of procurement and supply chain services, offering advisory, managed services, digital, and staffing and recruiting solutions. For 30 years, we have focused exclusively on helping clients elevate their procurement and supply chain functions.
We combine leading methodologies, analytics, market intelligence, and industry benchmarks with our uniquely flexible and customizable service delivery model. Global organizations of all sizes trust ProcureAbility to transform their procurement operations, drive growth, and reimagine what’s possible.
Let ProcureAbility help you reimagine your procurement and supply chain capabilities.
