EnergyHighReportedAccelerating
7.6
Saudi Aramco warns only 10% of oil reserves available to market
Poslovni DnevnikLO·SA·2 days ago
Ongoing US-Iran conflict is drawing down global oil reserves, reducing the world's buffer against supply disruptions. The report indicates reserve depletion is accelerating, though specific figures and the exact impact on prices remain unspecified. This tightens the oil market and raises the risk of price spikes if the conflict escalates further.
Global oil reserves and spare capacity are significantly depleted due to the ongoing US-Iran conflict, now in its eighth month. This situation, partially confirmed by multiple sources, has removed market buffers and is raising the floor under oil prices. Key uncertainties include the pace of stock rebuilding and future demand trajectory.