The International Energy Agency reports that the oil market is expected to remain in deficit until the end of the year due to ongoing disruptions in the Strait of Hormuz, which have led to significant supply constraints, record depletion of global inventories, and increased risk of price volatility. #OilMarket #EnergySupply #PriceVolatility #US #IL #IR #SA #AE #RU
The International Energy Agency reports that the oil market is expected to remain in deficit until late 2023 due to ongoing supply disruptions at the Strait of Hormuz, compounded by significant depletion of global oil inventories, weakened demand, and high prices leading to increased price volatility. #OilMarket #EnergyCrisis #PriceVolatility #US #IR #SA #AE #RU
The International Energy Agency warns that the oil market is expected to remain in deficit until late 2023 due to ongoing supply disruptions in the Strait of Hormuz caused by regional conflicts, leading to significant depletions of global inventories and increased price volatility. #OilMarket #EnergySupply #PriceVolatility #US #IL #IR #SA #AE #RU
The International Energy Agency warns that the oil market is expected to remain in deficit until the end of the year due to ongoing disruptions in the Strait of Hormuz, which have led to significant supply losses and volatility in oil prices, while global demand is projected to decline amid weaker economic activity and high fuel prices. #OilMarket #EnergyCrisis #PriceVolatility #US #IR #SA #AE #RU
The International Energy Agency predicts that the oil market will remain in deficit until the final quarter of the year due to ongoing supply disruptions at the Strait of Hormuz and significant decreases in global inventories, which have fallen at a record pace amidst geopolitical tensions and resulting price volatility. #OilMarket #EnergyCrisis #PriceVolatility #US #IR #SA #AE #RU
Oil majors are adopting a cautious approach in response to prolonged turbulence in energy markets following the Iran war, choosing not to increase spending despite rising crude prices and supply shortages, as they focus on capital discipline and shareholder returns amidst ongoing volatility and uncertainty. #EnergyMarkets #OilAndGas #PriceVolatility #US #IR #GB
