Oil Industry Experts Predict 'Flood' of Oil Upon Hormuz Reopening

Industry soundings suggest that once the Strait of Hormuz reopens, oil flow will quickly transform from a trickle into a significant 'flood' within weeks or even days. This prediction indicates a bearish outlook for oil prices.

8 Jun, 15:06 — 8 Jun, 15:06

Post Share

Sources

Showing 1 of 1 sources

advisor-perspectivesMostly Factual87d ago

Brace for a Flood of Oil as Soon as Hormuz Reopens

My industry soundings are far more upbeat: When it happens, it would start as a trickle, but very quickly — in just a handful of weeks, if not days — transform into an oil flood. I’m on the side of the bears, as you may have guessed.

By Javier Blas

Read full article →

Oil Industry Experts Predict 'Flood' of Oil Upon Hormuz Reopening

Sources

Brace for a Flood of Oil as Soon as Hormuz Reopens

Related Stories

Two Workers Rescued Alive After Nine Days Trapped in Nepal Tunnel

Rescue Operations Continue After Devastating Flash Floods Strike Nepal Hydropower Site

Blackpink Members Jisoo and Lisa Release Solo Singles on Same Day

Spanish PM Denies Moroccan Involvement Amid Ceuta Border Migration Crisis