Not an expert but i guess releasing 100 million barrels of strategic oil is exactly what you do when the Strait is "open," flows are at "pre-war levels," and Saudi exports are "higher than ever."
I love the contradictory messaging here. "There is an oil glut! The Strait of Hormuz is fully open and back to prewar traffic levels!" Coupled with "We need to release more oil and fuel reserves to stop the economy from imploding!"
@DarioCpx Whole world can’t get enough oil to process but somehow we’re over pre war levels. Soon as someone prominent blows the whistle oil is going to moon like a meme stock
Whole world releasing there crude storage and diesel storage. But they also want you to believe there is no supply constraints, crude from the ME is at pre war levels 🤣🤣🤣🤣
Countries going to be first fighting over the drips of oil they can get there hands on to refill