International Energy Agency: IEA’s record 400 million-barrel oil release may offer only limited relief if Hormuz stays shut: S&P Global Energy
The International Energy Agency’s decision to release 400 million barrels of emergency oil stocks, the largest reserves drawdown in its history, is likely to provide only limited relief if the Strait of Hormuz remains closed, according to an analysis by S&P Global Energy, as global markets continue to reel from the supply shock triggered by…
