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UAE Oil Boss Calls for More Stockpiles, Refining Closer to Users
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
The head of the UAE’s largest energy company said greater oil-storage capacity and more fuel production near consumers are needed to address the impact of severe disruption to the Strait of Hormuz. The article gives no figures or estimate of the disruption’s duration.
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