17 Hrs
Source:
اقتصاد سكاي نيوز عربية
Palm Tree: Oil prices miss supply crisis
The CEO of Christol Energy stated that current oil prices do not reflect the severity of the supply shortage crisis, despite expectations that prices will soon rise to $110 per barrel. Gas markets are experiencing a real crisis in supplies, especially in Europe, where the Strait of Hormuz is considered the only option to reduce oil prices. It is worth noting that the oil market is suffering from a short-term supply shock, with declining inventories and rising demand, which is impacting global energy prices.
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