Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz. McNally said that demand in Asian countries like China will be higher than before, because of the crude ‘crash diet’ the region was on without access to oil supply chains. (Source: Bloomberg)
US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout
Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz. McNally said…
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