Strait of Hormuz Oil Flow Disruptions Expected to Trigger Sequential Global Supply Shock by April
J.P. Morgan strategists forecast that recent oil flow disruptions in the Strait of Hormuz will cause a sequential shock to global supplies, impacting much of the world by April.
Disruptions in the flow of oil through the Strait of Hormuz over the past four weeks will unleash a “sequential” shock to global supplies that’ll run from east to west with much of the world taking a hit by April, according to strategists at J.P. Morgan. The analysis, which includes mapping of the affected oil supply routes, characterizes the situation as a crude ticking time bomb for global energy markets. This assessment is drawn directly from reporting by MarketWatch on the J.P. Morgan analysis. While the J.P. Morgan strategists highlight the potential for widespread sequential impacts, other energy market observers have at times offered differing evaluations regarding the scale and timing of any resulting supply constraints. Source: https://www.marketwatch.com/story/this-map-shows-a-crude-ticking-time-bomb-that-hits-much-of-the-worlds-oil-supply-in-april-2c058db6?mod=mw_rss_topstories
MERIDIAN: Everyday people will likely feel this in their wallets by spring, with higher gas and grocery prices rippling through daily life as oil shortages spread. It could quietly speed up the shift toward other energy sources in the years ahead.
Sources (1)
- [1]This map shows a crude ticking time bomb that hits much of the world’s oil supply in April(https://www.marketwatch.com/story/this-map-shows-a-crude-ticking-time-bomb-that-hits-much-of-the-worlds-oil-supply-in-april-2c058db6?mod=mw_rss_topstories)