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The movement of oil ships has partly resumed in the Strait of Ormuz and the Arabian Peninsula has reorganized its oil flows, via the east-west Saudi pipeline or the one towards Fujairah, on the Gulf of Oman. But tensions persist on refined products. And while G7 members have agreed to release 100 million barrels of their strategic reserves, China is again buying oil to rebuild its stocks.
The movement of oil ships has partly resumed in the Strait of Ormuz and the Arabian Peninsula has reorganized its oil flows, via the east-west Saudi pipeline or the one towards Fujairah, on the Gulf of Oman. But tensions persist on refined products. And while G7 members have agreed to release 100 million barrels of their strategic reserves, China is again buying oil to rebuild its stocks.
