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Oil Market's Glut Narrative Just Blew Up

Oil Market’s Glut Narrative Just Blew Up

by
Industry News

Less than a month ago, analysts were warning of a looming glut of crude oil as tanker traffic via the Strait of Hormuz began to recover amid a U.S.-Iran ceasefire. Within days of these warnings, the ceasefire was a painful memory, missiles were flying again, and now Yemen’s Houthis are striking tankers in the Red…

Original report: OilPrice.com ·

Oil Market's Glut Narrative Just Blew Up

This is a curated industry news brief from the MarineCraft News Desk. Read the original coverage at the source.

Read the full story at OilPrice.com →

Source: OilPrice.com