Red lights are flashing in energy markets
- New York — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface.
- What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis.
- Refineries face a perfect combination of war and export restrictions, which is limiting how much crude oil they can turn into the gasoline, jet fuel and diesel that powers the global economy.
Unverified
- New York — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface.
- What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis.
- Refineries face a perfect combination of war and export restrictions, which is limiting how much crude oil they can turn into the gasoline, jet fuel and diesel that powers the global economy.
Sources: CNN