The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year,
“We are talking about roughly 900 million barrels that haven’t been produced in the last couple of months and that’s been replaced essentially by stock drawdown,” Sawan said in an interview with
WATCH: Shell is entering an ‘inflection point’ according to CEO Wael Sawan and he says there could be energy shortages next year. Source: Bloomberg
Sawan’s comments underscore ...