24 Hrs
Source:
المشهد العربي
Jeff Corey: Fuel, not oil, drives energy shock
The article highlights that the real crisis in the energy sector does not lie in crude oil prices, but in the markets for end products such as gasoline, diesel, and jet fuel, which are facing significant pressures. Energy market expert Jeff Currie pointed out that European diesel prices are approaching twice the price of Brent crude oil, and that the crisis is partly caused by China's reduction of refining operations, leading to a substantial shortage of petroleum product supplies and transferring the supply shortage crisis to the global market, despite government efforts to create the illusion of abundance through strategic oil reserves.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)