Three scenarios for the global oil market: Strait of Hormuz and declining reserves

Tehran – IRNA – An energy market analyst said that the market still has enough oil to withstand a Strait of Hormuz crisis, but that its margin of safety has narrowed. He said the future of the energy market will depend not only on production, but also on oil storage locations, the mix of crude oil and refined products, the number of days of coverage, the condition of refineries, and the speed at which inventories are replenished.