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Oil Crunch Expected To Outlast Middle East Conflict
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Oil Crunch Expected To Outlast Middle East Conflict
Oil supplies are expected to tighten further in the coming weeks, even if the U.S. and Iran reach a peace deal, as it will take time for shipments from the Middle East Gulf to resume and reach global refiners. In the meantime, oil companies are likely to keep drawing down storage inventories to meet strong […] The post Oil Crunch Expected To Outlast Middle East Conflict appeared first on StratNews Global.
The two majors of South America reach record oil production figures and seek to consolidate themselves as world class exporters at a time when the market has been hit by the crisis in the Strait of Ormuz, experts consulted by Sputnik explained.
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