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Why oil’s not at $200 after the biggest supply shock in history
Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US oil exports and a significant drop in Chinese demand are helping to absorb the shock. Strategic reserves have been released and alternative routes are being used.
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washingtonexaminer.com
Mother of all oil shocks: Even larger crisis looms over Strait of Hormuz standoff
The artificial manipulation of oil prices will cease sooner rather than later, and the impact on the global oil market will be massive.
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channelnewsasia.com
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry…
