Hormuz disruption threatens looming oil price spike, industry warns
TL;DR
Industry executives warn that the loss of oil flows through the Strait of Hormuz is draining global petroleum inventories to dangerously low levels, signaling a potential price spike in the coming weeks, despite U.S. production gains and SPR releases.
Topics:businessenergy#energy#energy-policy#oil-inventories#oil-prices#strait-of-hormuz#trump-administration
- ‘Tank bottom’: Oil industry warning Trump administration that drained inventories threaten to spike gasoline prices Politico
- Higher oil and gas prices coming soon, industry and analysts warn CBC
- Opinion | Energy Markets Limit the Hormuz Shock WSJ
- IEA forecasts chance of critically low stockpiles before peak summer demand CTV News
- Oil demand will spike after war to replenish stocks, ADNOC executive says BOE Report
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