Energy shock absorbers weakening says Shell and Equinor
Shell and Equinor warn that global energy markets face tight supplies and volatility as shock absorbers weaken. Disruption from the conflict with Iran has drained inventories and reduced capacity.
Xurve View
Insights:
Xurve View
Global energy markets face prolonged supply tightness as SHELL PLC and EQUINOR ASA warn that industry buffers are depleting. Attacks on crude tankers in the Middle East pushed Brent Crude Oil toward $110 a barrel this week. The waning capacity to absorb disruptions leaves markets increasingly vulnerable to future shocks.
