Hormuz disruption threatens looming oil price spike, industry warns
TL;DR Summary
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:business#energy#energy-policy#oil-inventories#oil-prices#strait-of-hormuz#trump-administration
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- IEA forecasts chance of critically low stockpiles before peak summer demand CTV News
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