Institution: Middle East oil supply losses may exceed 2 billion barrels by the end of the year

Jinse Finance reported that on June 2, according to estimates from the Oxford Institute for Energy Studies, oil supply losses in the Persian Gulf region due to the Middle East conflict could exceed 2 billion barrels by the end of the year. The institute's director, Bassam Fattouh, stated at the S&P Global Middle East Oil & Gas Conference in London, "Based on our reference scenario, we estimate that supply losses could exceed 2 billion barrels by the end of the year."