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Why US oil can’t fill global energy gap; no substitute for Gulf crude; quality, not quantity rules the roost - Times Kuwait
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Why US oil can’t fill global energy gap; no substitute for Gulf crude; quality, not quantity rules the roost - Times Kuwait
As oil prices surge beyond traditional market controls, driven by supply disruptions, attacks on Gulf energy facilities, and ongoing restrictions in the Strait of Hormuz, a critical question is emerging: can US crude realistically replace Gulf oil in global markets amid a prolonged conflict involving the United States, Israel, and Iran? Despite logistical challenges, market data suggests otherwise. Global demand for Gulf crude remains robust, ev…
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