JUST IN: đžđŠ SAUDI ARAMCO SOUNDS THE ALARM ON GLOBAL OIL SUPPLY
Saudi Aramco, the worldâs largest oil company, warns that global oil reserves are becoming dangerously low.
â ïž If a major supply disruption hits, restoring sufficient oil inventories could take up to two years.
This could mean:
âą Higher oil-price volatility
âą Renewed inflation pressure
âą Increased energy-market risk
âą Bigger impact on global markets if supply tightens further
Oil is becoming a major macro factor to watch. đđ
$CL $BZ
Saudi Aramco, the worldâs largest oil company, warns that global oil reserves are becoming dangerously low.
â ïž If a major supply disruption hits, restoring sufficient oil inventories could take up to two years.
This could mean:
âą Higher oil-price volatility
âą Renewed inflation pressure
âą Increased energy-market risk
âą Bigger impact on global markets if supply tightens further
Oil is becoming a major macro factor to watch. đđ
$CL $BZ