EIA: OIL MARKET TO NORMALIZE BY 2027 DESPITE HORMUZ RISKS The U.S. Energy Information Administration expects global oil output and trade fl…
EIA: OIL MARKET TO NORMALIZE BY 2027 DESPITE HORMUZ RISKS
The U.S. Energy Information Administration expects global oil output and trade flows to return to pre-conflict levels by late 2026 or early 2027, even if disruptions in the Strait of Hormuz persist.
It estimates
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