Global Oil Market Nears "Suffocation Point" Amid War

A Financial Times report indicates the global oil market is rapidly approaching a critical "suffocation point" within four weeks, despite recent price drops driven by hopes for a quick end to the war.

1 May, 15:52 — 1 May, 15:52

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FTVery High2d ago

Oil market one month from crunch point as global stockpiles dwindle

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

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First report: FT · 1 May, 15:52|Full coverage: 2 · 3h|Window: 3h

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FT1 May, 15:52First to report

Oil market one month from crunch point as global stockpiles dwindle

3h later

naftemporiki1 May, 18:51Latest update

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Global Oil Market Nears "Suffocation Point" Amid War

Sources

Oil market one month from crunch point as global stockpiles dwindle

Coverage Timeline

Oil market one month from crunch point as global stockpiles dwindle

FT: Η αντίστροφη μέτρηση για το πετρέλαιο άρχισε – 4 εβδομάδες από το «σημείο ασφυξίας»

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