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Petroleum Expert Warns of Market Risks After Oil Loss
The article addresses the impact of the global energy crisis on oil and gas markets, noting that around two billion barrels of oil have been lost since February 2026, equivalent to the production of 20 days of global oil output. Experts, including Dr. Ramadan Abu Alaa, link the decline in production to political and military developments in the region, pointing out that reduced output from major producers like Saudi Arabia and Russia leads to higher prices. Despite efforts by Russia and the United States to ramp up production, attacks on oil facilities in Russia and escalating challenges in other areas, such as the Gulf, are worsening the crisis. The duration required to restore normal production remains uncertain.
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