A resolution of the Mideast conflict could return the market to surplus conditions, while a prolonged disruption would eventually lead to demand destruction.
The oil market has shown remarkable resilience in the 100 days since the near-closure of the Strait of Hormuz, but a senior Equinor executive maintains that the apparent stability rests on temporary inventory drawdowns that cannot continue indefinitely.
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Why oil prices haven’t shot through the roof—yet
Oil Flows Will Remain Uncertain
Global oil inventories are being depleted at a record pace, as governments draw down strategic reserves and stored crude to…
Oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to…
The Mideast crisis has sparked interest in long-term gas supply deals, with buyers facing the possibility of higher gas prices…
The market's surprising resiliency to lost Mideast supplies has delayed the dire impacts initially seen hitting in June — but has…
US assertions that a peace deal is imminent and growing evidence of oil market resilience to the Mideast supply shock are…
It is obvious that prolonged tensions in the Strait of Hormuz undermine long-term demand for oil, Executive Secretary of the…
