7 Days
Source:
المشهد العربي
Adnoc predicts oil price rise in August
The Deputy CEO of ADNOC expects August to see a significant increase in global oil prices due to rising demand and ongoing supply crisis related to the Iran-Israel war. He stated that energy supply recovery could take up to a year, with transit traffic through the Strait of Hormuz remaining below pre-war levels because of the uncertainty surrounding negotiations to end the conflict in the region.
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