🚨 BREAKING: THE WORLD’S EMERGENCY OIL RESERVES ARE RUNNING LOW! 🛢️
Saudi Aramco’s CEO has warned that nearly 3 BILLION barrels of supply have been lost since the Strait of Hormuz crisis began.
Even the roughly 6 BILLION barrels remaining in storage may not be practically available because of location, oil grade, or ownership restrictions.
🌍 Global demand: 100M+ barrels/day
🛢️ Available reserves: potentially less than 2 months of demand
⏳ Rebuilding reserves could take up to 2 YEARS
And even if the Strait of Hormuz reopened today, the supply shock wouldn’t disappear overnight.
Oil markets may be facing a much bigger problem than traders realize. ⚠️
#OilCrisis #oil #Aramco $CL
Saudi Aramco’s CEO has warned that nearly 3 BILLION barrels of supply have been lost since the Strait of Hormuz crisis began.
Even the roughly 6 BILLION barrels remaining in storage may not be practically available because of location, oil grade, or ownership restrictions.
🌍 Global demand: 100M+ barrels/day
🛢️ Available reserves: potentially less than 2 months of demand
⏳ Rebuilding reserves could take up to 2 YEARS
And even if the Strait of Hormuz reopened today, the supply shock wouldn’t disappear overnight.
Oil markets may be facing a much bigger problem than traders realize. ⚠️
#OilCrisis #oil #Aramco $CL
