IMF and World Bank Warn: Risk of Oil Shortages in the Summer, Civil Aviation on the Front Line
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WASHINGTON. If the transports did not quickly normalize, risks for fuel safety and the economy as a whole were threatened.
The International Monetary Fund (IMF), the World Bank (BM), the International Energy Agency (IEA) and the World Trade Organization (WTO) are warning of a risk of oil shortages as early as this summer if maritime traffic in the Strait of Ormuz is not returning rapidly to normal.In a joint statement issued at the end of a meeting between their officials, the four institutions indicated that world oil stocks are being reduced at a very rapid rate a…
The International Monetary Fund (IMF), the World Bank and several international organizations are warning of a risk of oil shortages this summer if shipping does not return to normal in the Strait of Ormuz. A scenario that would blaze the price of kerosene and weigh heavily on civilian air transport. The heart of the concern lies in the Strait of Ormuz, through which about 20% of the world's hydrocarbons transit. The war between the United State…
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