Latest news and articles about oil shortage from NEX English
In light of rising global economic tensions, analysts from Goldman Sachs have conducted a comprehensive study on oil supplies and prices. The study highlights potential challenges facing the global economy due to a possible oil shortage.
Bassem Al-Hamadeen, the Assistant Undersecretary for Engineering and Medical Equipment at the Gaza Ministry of Health, warned that the shortage of oils necessary for operating generators could lead to a health disaster threatening citizens' lives. The current situation demands urgent intervention to secure these oils as frequent power outages necessitate reliance on generators for hospitals and health centers.
New reports from JPMorgan indicate that the closure of the Strait of Hormuz will lead to a significant oil supply shortage, initially impacting Asian countries, with global repercussions expected within six weeks.
French Finance Minister Roland Lescure revealed that damage to refining capacities in the Gulf has led to a severe oil supply shortage, with the market losing approximately <strong>11 million barrels per day</strong>. This crisis particularly affects certain regions in Asia, raising concerns about widespread economic repercussions.