Prospects for Oil Prices: Supply Shocks vs. “Demand Destruction”
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The Houthis expand control of the Red Sea side of Yemen, threatening remaining Saudi oil exports — and yet prices fall.
Source: Bloomberg.
One explanation might be news regarding demand destruction, as reported by the International Energy Agency. From Bloomberg:
The agency said the hit to 2026 oil demand looks set to be on a comparable scale to the four largest shocks of the last 60 years, with the biggest impact falling on middle distillates like diesel, and feedstocks for petrochemi
Source: Bloomberg.
One explanation might be news regarding demand destruction, as reported by the International Energy Agency. From Bloomberg:
The agency said the hit to 2026 oil demand looks set to be on a comparable scale to the four largest shocks of the last 60 years, with the biggest impact falling on middle distillates like diesel, and feedstocks for petrochemi
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