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Energy Crisis Is Changing Demand Patterns—For Now
Roughly one-fifth of global LNG flows has been impacted by the Hormuz crisis. The cumulative losses in crude oil supply have topped 1 billion barrels since the start of March.
Summary
Roughly one-fifth of global LNG flows has been impacted by the Hormuz crisis. The cumulative losses in crude oil supply have topped 1 billion barrels since the start of March. Governments are rationing fuel and advising conservation. Some are already predicting a complete transformation of global energy consumption patterns.
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