Report
Oil market turmoil could last for years
Reuters reports that industry executives cited shipping bottlenecks, refinery cuts and inventory draws as reasons oil prices could stay high beyond 2026.
TLDR
Reuters reports that industry executives at a London conference on October 5 said oil market turmoil could last for years. They pointed to shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace, saying those pressures would keep global oil prices high beyond 2026.
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