Shell and Equinor warn energy shock absorbers weakening
Shell and Equinor executives said the industry’s ability to offset Middle East disruptions is diminishing as tight supply and price volatility persist.
Global energy markets face a longer stretch of tight supply and price swings as the industry’s ability to cushion disruptions from the Middle East is fading, senior executives from Shell LSE:SHEL and Equinor OSL:EQNR said on Wednesday. They said the sector’s buffers are weakening as attacks on oil tankers in the Red Sea and efforts by OPEC+ to tighten supply have shown the market’s resilience is limited.