The Age
·general
·1 hour ago
Supply shock: The Iran war will change the oil market forever
Ongoing war in the Middle East has created a severe global oil supply shortage, with inventories depleting at record rates. The International Energy Agency forecasts supply will fall 3.9 billion barrels this year to 102.2 million barrels daily, while demand drops only 1.3 million barrels daily.
Summary by Glance · The Age
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