Oil Prices Surge 4% Amid Global Supply Concerns
Oil prices jumped by 4% in global markets, driven by increasing fears of supply shortages. This rise comes amid geopolitical tensions and disruptions in key production areas.
global supply
Latest news and articles about global supply from NEX English
Iranian Conflict Disrupts LNG Market and Weakens Asian Demand
The ongoing conflict with Iran has caused significant disruption in the liquefied natural gas (LNG) market, leading to a reduction in global supply forecasts by <strong>35 million tons</strong>. Consulting firms anticipate negative impacts on Asian demand.