‘The loss of the oil market's buffers has made the market more fragile, Chevron CEO Mike Wirth said, adding that this has increased oil's price floor. Oil market turmoil will continue as it could take years to refill inventories on top of meeting global demand.’ www.reuters.com/business/ene...
reuters.comThe world has nearly burned through its oil stockpile buffer, executives sayThe amount of oil in storage that is accessible to the global market is running low, industry executives said at a forum in London this week, making the market more fragile and putting upward pressur...
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