Oil Industry Experts Predict 'Flood' of Oil Upon Hormuz Reopening

Industry soundings suggest that once the Strait of Hormuz reopens, oil flow will quickly transform from a trickle into a significant 'flood' within weeks or even days. This prediction indicates a bearish outlook for oil prices.

8 Jun, 15:06 — 8 Jun, 15:06

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advisor-perspectivesMostly Factual87d ago

Brace for a Flood of Oil as Soon as Hormuz Reopens

My industry soundings are far more upbeat: When it happens, it would start as a trickle, but very quickly — in just a handful of weeks, if not days — transform into an oil flood. I’m on the side of the bears, as you may have guessed.

By Javier Blas

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Oil Industry Experts Predict 'Flood' of Oil Upon Hormuz Reopening

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Brace for a Flood of Oil as Soon as Hormuz Reopens

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