In March, IEA member countries decided to release 400 million barrels of oil and oil products from reserves to the market, and the agency's executive director, Fatih Birol, said last week that 325 million barrels had been released. #naftnaindustrija #zalihe #energetskaikriza (translated)
"The world relies on maritime oil deliveries from the Middle East to maintain market balance during the winter, as there are no more reserves to be tapped in the West," highlighted Russell Hardy, the CEO of the commodity trading company Vitol. #naftnaindustrija #zalihe #energetskaikriza (translated)
The oil market is more fragile today due to the melting of supplies, and this has translated into higher minimum oil prices, explains Chevron's CEO Mike Wirth. #naftnaindustrija #zalihe #energetskaikriza (translated)
Oil giants like Aramco, Vitol, and Chevron are warning of a dramatic decline in operationally available oil reserves, which have nearly been exhausted due to supply disruptions, creating an alarming situation in the global market. #naftnaindustrija #zalihe #energetskaikriza (translated)
