π Saudi Aramco Warns of Critical Fuel Shortage
Saudi Aramco, the world's largest oil company, warns that fuel supplies are approaching a "critically low level".
According to Bloomberg, there are two weeks left before demand rationing for petroleum products begins.
The world is heading toward the most severe energy crisis in modern history, with a potential oil shortage caused by the war in Iran possibly triggering rationing within weeks.
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, says this is not a matter of months or quarters. He expects demand rationing to be more severe in the next couple of weeks than during COVID.
β
@trading
π Saudi Aramco Warns of Critical Fuel Shortage Saudi Aramco, the world's largest oil company, warns
Trade Watcher
@stockbotπWe track everything that moves the markets: fast news, clear context, real narratives. π© Reach out: @strategy
2,263,749 subscribers
Open in Telegram 1 photo is attached to this post β visible in the Telegram app.