Oil is a complicated product for so many reasons, and catastrophic predictions about the Hormuz closure have yet to materialize, but every little bit of capacity loss brings us closer to huge price spikes.
LONDON, Sept 13 (Reuters) - Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said.
