#Rystad

Jorge Leon, senior VP and head of geopolitical analysis at Rystad Energy, says demand destruction has begun in the global oil market due to the Iran war and looks at the potential for additional supplies coming to the market if prices remain at elevated…

Gulf war damage will lead to a massive amount of restoration work, but the contractors and equipment needed to do it are already committed elsewhere.

"Every day of damaged or shut-in infrastructure pushes pre-war production capacity further out of reach,”says Rystad Energy report.