Kpler Says Oil Reserve Release Would Need to Be 'Sudden'
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Homayoun Falakshahi, head of crude oil analytics at Kpler, discusses the significance of a potential effort to release emergency oil reserves by the world's largest economies. Speaking on Bloomberg Television, he says the key element of the move would be the speed at which the oil is released. "I don't think the market has the ability for this to be gradual," Falakshahi says. He also adds that a potential release of 400 million barrels "won't be enough" if the war lasts more than 45 to 50 days. (Source: Bloomberg)
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Source: This article was originally published by Bloomberg. All rights reserved to the original publisher.
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