OPEC Output Is Said to Sink to Decades Low as Gulf Conflict Disrupts Supply (XLE:NYSEARCA)
12 Articles
12 Articles
This is due to oil shortages due to the conflict in the Middle East.
The oil production of the Organization of Petroleum Exporting Countries (OPEC) has fallen to the lowest level in 36 years due to the impact of the war against Iran,
Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply
Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursda...
Korea secures 210 million barrels of Saudi, U.S. crude oil, counters Iran war supply shocks
Korea secured roughly 210 million barrels of crude oil through July — more than 80 percent of the volume imported over the same period last year, despite massive supply shocks due to the Iran war.
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