Saudi Aramco warns of 18-month recovery for oil inventories after Strait of Hormuz disruption

Group warns global households hit by 'fossilflation' over Hormuz closure

Households worldwide are paying the price of continued dependence on volatile fossil fuels following six months of the closure of the Strait of Hormuz, warns 350.org, a global grassroots climate movement working to end the age of fossil fuels and build a just, renewable-energy-powered future for all The global climate movement is calling this phenomenon […] The post Group warns global households hit by ‘fossilflation’ over Hormuz closure appeare…

Saudi Aramco warns of 18-month recovery for oil inventories after Strait of Hormuz disruption

The prolonged recovery of oil inventories could sustain high prices, strain global economies, and accelerate shifts to alternative energy sources. The post Saudi Aramco warns of 18-month recovery for oil inventories after Strait of Hormuz disruption appeared first on Crypto Briefing.