Michael Roberts blog Follow
Bloomberg:
“The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf…
The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes and shortages is getting ever-closer, leaving governments and industries with fewer options to cushion the impact of the loss of more than a billion barrels of supply, two months into the near-closure of the Strait of Hormuz.”
No comments:
Post a Comment