Global Oil Market Nears "Suffocation Point" Amid War

A Financial Times report indicates the global oil market is rapidly approaching a critical "suffocation point" within four weeks, despite recent price drops driven by hopes for a quick end to the war.

1 May, 15:52 — 1 May, 15:52

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FTVery High124d ago

Oil market one month from crunch point as global stockpiles dwindle

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

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First report: FT · 1 May, 15:52|Full coverage: 2 · 3h|Window: 3h

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FT1 May, 15:52First to report

Oil market one month from crunch point as global stockpiles dwindle

3h later

naftemporiki1 May, 18:51Latest update

Global Oil Market Nears "Suffocation Point" Amid War

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Oil market one month from crunch point as global stockpiles dwindle

Coverage Timeline

Oil market one month from crunch point as global stockpiles dwindle

FT: Η αντίστροφη μέτρηση για το πετρέλαιο άρχισε – 4 εβδομάδες από το «σημείο ασφυξίας»

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