Global oil market buffers are rapidly disappearing, with low inventories, disrupted Strait of Hormuz shipments, and dwindling excess supplies raising the risk of higher oil prices.

Discover how China's oil import decisions influence global oil prices, alongside factors like the Strait of Hormuz and the Russia-Ukraine war. Read more at straitstimes.com. Read…

While inventories are not at critical levels, another prolonged disruption of supply through the Strait of Hormuz could change that within months.

China may withdraw support for global oil price stability. New all-time high for crude oil by September at 5% YES.