
Europe Faces Gas Shortage as Oil Stockpiles Dwindle
Traders warn that oil stockpiles are nearing depletion as the Strait of Hormuz faces potential closure again. This situation exacerbates Europe's struggle to secure gas supplies ahead of winter.
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Europe’s Scramble for Gas Ahead of Winter Gets Harder
The Strait of Hormuz used to carry around 20% of global liquefied natural gas flows, while Iranian attacks have wiped out 17% of Qatar’s LNG export capacity.
Read full article →Oil stockpiles close to running on empty as Hormuz shuts again, traders warn
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