Much of capacity to contain energy crisis exhausted — IMF
AI Summary
According to the IMF, the global spare capacity to address the energy crisis has been largely exhausted due to increased demand and diminished inventories. Rising tensions in the Strait of Hormuz exacerbate these challenges.
As tensions flare again in the Strait of Hormuz, that room is now smaller and shrinking further as spare capacity has been deployed, demand has compressed, and inventories have been drawn down
Conflict Markets Commodities Energy energy crisis Spare capacity IMF report Strait of Hormuz oil demand inventories geopolitical tensions