Global Gas Squeeze Could Last Through Next Summer
Global natural gas supply is likely to remain tighter than it should be until next summer at least, and it could cause prolonged demand destruction. Should this scenario materialize, it would deliver a severe blow to Europe, as it already struggles to cover its winter gas needs ahead of the official
Source: OilPrice.com
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DW NOTE
The headline says "could last through next summer." The Strait of Hormuz is already closed. Global oil inventories fell 3.1 million barrels per day in August. Supply is down 5.7 million barrels per day for the year. This isn't risk — the squeeze is already here.