Oil markets are bracing for a significant surge as the final pre-war cargoes of crude oil from the Gulf region are set to arrive at their destinations in the coming days. The expected unloading of these shipments will further escalate the global rush to secure barrels, as traders and refineries scramble to replenish dwindling stockpiles. With the ongoing Russia-Ukraine conflict and OPEC+ production cuts, the global oil supply chain has been under intense pressure, leading to skyrocketing prices and concerns about fuel availability. As the last pre-war cargoes hit the market, experts warn that the situation may only become more volatile, with potential price spikes and supply chain disruptions on the horizon.
Final prewar cargoes to leave Gulf set to unload in coming days, escalating a global rush to secure barrels