Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and...
By Yongchang Chin · Bloomberg Markets
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the Strait of Hormuz.