GEOPOLITICS | Rapidan’s McNally Sees Oil Demand Rising as Countries Refill Strategic Reserves
2026-06-15 19:07:05
Rapidan Energy Group President Bob McNally said countries worldwide will increase oil demand to refill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz. According to Bloomberg, he said demand in Asian countries such as China will be higher than before because the region was on a crude “crash diet” without access to oil supply chains.
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