← Back to headlines
Oil Market Situation 'Highly Dangerous' Amid Limited Reserves and Blocked Strait of Hormuz
The CEO of oilfield equipment supplier SBO states that the global oil market situation is 'highly dangerous' due to limited reserves, with Saudi Arabia unable to stabilize prices because the Strait of Hormuz is blocked.
Sources
Showing 0 of 1 sources
No articles available in your preferred languages.
1 article available in other languages below.
Related Stories
Philippine President Marcos Declares Energy Emergency, Rolls Out Subsidies, and Eyes Joint Gas Development Amid Oil Crisis
just now
President oversees rollout of fuel subsidies
just now
Gov’t allots P20B to buy 2 million barrels of diesel
just now
Philippine Government Reduces Airport and Ro-ro Terminal Fees
just now