Oil and Gas Supply Disruptions Reached 14 Percent During the Hormuz Crisis.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
According to a summary of the McKinsey Global Institute's report, "Aftershocks: Energy Security Beyond the Strait of Hormuz Crisis," the disruption in the Strait of Hormuz is the biggest energy supply disruption of modern times...
The disruption in the Strait of Hormuz affected 14 percent of global oil and natural gas supplies. With an oil deficit reaching 15.5 million barrels per day, alternative pipelines and strategic reserves were brought into play, while a sharp drop in consumption also shifted the balance.
According to McKinsey, the disruption in the Strait of Hormuz affected 14 percent of global oil and gas supply at its peak. While alternative routes, stockpiles, and falling demand mitigated the shock, it is estimated that new projects by 2030 could compensate for 35-70 percent of oil flow in the event of another Hormuz shock.
Habertürk
tgrthaber.comAt its peak, the disruption in the Strait of Hormuz affected 14% of global oil and natural gas supplies, while alternative pipelines, oil stocks, and a decrease in demand helped the global energy system mitigate the shock.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
