Aramco's Nasser Says An Average Of 11 Million Barrels Of Liquids Supply Removed Each Day In The Face Of Resilient
World Has Lost Over 2.6 Billion Barrels Of Oil Destined To A Number Of Critical Industries As A Result Of Crisis Aramco's East-West Pipeline And Global Inventories Have Helped To Alleviate Supply Shock, Lowering Net Loss To Around 1.8 Billion Barrels There Is A Disconnect Between Futures And Physical Markets As Evident From The Strong Refining Margins That Reflect Refined Product Market Tightness Global Refining System Is Stretched Heavily If Refineries Were To Suffer Any Major Unplanned Or Prolonged Shutdown The Global Energy Supply System Could Face More Severe Pressure Countries In Asia Have Already Been Affected, With The Region's Crude Oil Imports Reduced By Around 6 Million Barrels A Day At The Peak Of The Crisis
World Has Lost Over 2.6 Billion Barrels Of Oil Destined To A Number Of Critical Industries As A Result Of Crisis Aramco's East-West Pipeline And Global Inventories Have Helped To Alleviate Supply Shock, Lowering Net Loss To Around 1.8 Billion Barrels There Is A Disconnect Between Futures And Physical Markets As Evident From The Strong Refining Margins That Reflect Refined Product Market Tightness Global Refining System Is Stretched Heavily If Refineries Were To Suffer Any Major Unplanned Or Prolonged Shutdown The Global Energy Supply System Could Face More Severe Pressure Countries In Asia Have Already Been Affected, With The Region's Crude Oil Imports Reduced By Around 6 Million Barrels A Day At The Peak Of The Crisis