Latest news and articles about أزمة نفطية from NEX English
Recent developments in the oil markets suggest a potential new crisis reminiscent of the oil shocks of the 1970s. The decline in oil supplies and rising gasoline prices have sparked fears of a global economic downturn.
Eric Nuttall, portfolio manager at Ninepoint, warns that the closure of the Strait of Hormuz due to tensions with Iran could lead to oil market disruptions worse than those experienced during the COVID-19 pandemic. Oil companies are facing a growing inventory shortage, signaling an imminent crisis.