Post by KPMG US
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š¬š¼ššæĀ š¦š®šššæš±š®š š š¼šæš»š¶š»š“ šš¼š³š³š²š² š„š²š®š±ā The effective closure of the Strait of Hormuz this week has drawn significant attention to the balance between risk and resilience in global energy markets. The market has been flush with oil supply, but as, KPMG Global Head of Oil & Gas leader Angie (Evans) Gildea put it, "The Strait of Hormuz is the most critical pressure point in global energy markets." "There are buffers ā strategic reserves, rerouted cargoes, elevated floating inventories, but those are stopgaps," Gildea said. "This is a supply shock with an uncertain timeline when the critical variable is duration."Ā Ā CNN Business' Chris Isidore and Matt Egan look at the supply dynamics at play and how they could affect consumer gas prices: https://lnkd.in/eaWsyw82
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