Global agencies warn summer fuel security at risk as Hormuz blockade drains oil inventories worldwide
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Global agencies warn summer fuel security at risk as Hormuz blockade drains oil inventories worldwide
WASHINGTON, May 31 — The heads of the International Monetary Fund, World Bank and International Energy Agency warned on Friday of the risks to fuel security during peak demand summer months if oil shipping through the Strait of Hormuz does not return to normal. “Global oil inventories are being dra»»»
International agencies warn of summer fuel shortages if Strait of Hormuz remains closed
Several international organisations, including the International Monetary Fund (IMF), the International Energy Agency (IEA) and the World Bank, have warned of the risk of fuel shortages this summer if maritime traffic through the Strait of Hormuz does not return to normal swiftly. In a joint statem»»»
IMF, World Bank, IEA chiefs warn of summer fuel scarcity if Hormuz remains closed
A fifth of global energy supplies normally pass through the Strait of Hormuz. (EPA Images pic) WASHINGTON: The heads of the International Monetary Fund, World Bank and International Energy Agency warned on Friday of the risks to fuel security during peak demand summer months if oil shipping through»»»
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