Europe's Energy Reserves Proved Effective Amid Major Oil/Gas Disruption

Europe's decades of mandatory stockholding and coordinated emergency planning proved effective during a recent energy crisis caused by the Strait of Hormuz closure. Despite significant disruptions to oil and gas flows, rising prices, and increased shipping costs, Europe avoided running out of essential fuels. This demonstrated resilience in a critical global energy market could temper future crude oil price shocks, indirectly influencing Pakistan's import bill and inflation.

بحوالہ / Source: oilprice.com