Global Energy Crisis Deepens Amid Mideast Conflict, Governments Scramble for Oil
Governments worldwide are scrambling to secure oil supplies as the ongoing conflict in the Middle East leads to a significant crunch in global oil availability, prompting regions like Hong Kong to issue 'yellow alerts' over the escalating energy crisis.
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Hong Kong on ‘yellow alert’ as Middle East conflict fuels global energy crisis
The conflict in the Middle East has triggered a global energy crisis that serves as a “yellow warning” for Hong Kong, which so far has escaped the severe impact seen elsewhere, tycoon Michael Kadoorie has said. “At this point, I think we’re very lucky. Now we touched on the story of fuel. It may impact us. It does already send a warning light,” the CLP Group chairman said. “So you have your traffic lights red, yellow and green. Well, we’re yellow. We’re not at red, but we have to think ahead ...
By Lam Ka-sing
Read full article →Govt scrambles for oil from anywhere amid Mideast supply crunch - The Jakarta Post
Govt scrambles for oil from anywhere amid Mideast supply crunch The Jakarta Post
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