Center on Global Energy Policy
Coverage of Center on Global Energy Policy in the Nexus archive.
- Global oil demand is dropping, but US drivers keep buying more gas
Global oil demand is declining due to higher prices and supply disruptions from the U.S.-Iran conflict, with China significantly cutting oil purchases and increasing electric vehicle use. However, U.S. gasoline consumption rose despite elevated pump prices.
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Experts say oil and gas supplies may take months to return to normal after an agreement to end the Iran war and open the Strait of Hormuz. High prices and supply issues persist due to delayed shipping, refining challenges, and security concerns, with countries like Iraq facing longer recovery times.
- Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Energy experts say oil and gasoline supplies may take months to normalize after an agreement to end the Iran war and reopen the Strait of Hormuz, due to stranded ships, security concerns, and slow restarts of operations. Factors like shipping delays, refining processes, and paused oil extraction in the Middle East contribute to prolonged supply disruptions.