7 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Vitol CEO warns of petroleum supply shortage
The CEO of Vitol warned of an increasing shortage in the global supply of petroleum products, pointing to inventories falling to their lowest levels despite improved oil flows through the Strait of Hormuz to around 10 million barrels per day, with difficulties in confirming the regularity of daily shipments. Additionally, geopolitical tensions, the ongoing war between the United States and Iran, and the targeting of Russian oil refineries by drones have led to a decline in petroleum product stocks and a rise in fuel prices, especially diesel, which reached record levels despite refineries operating at full capacity. An increase in oil demand is expected in China with the arrival of winter, even as they draw from their reserves. Challenges persist regarding the risks of passage through the Strait of Hormuz, and crude oil flows have decreased to about 7 million barrels per day compared to pre-war levels of 20 million barrels.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)