This isn’t demand destruction. It’s rationing.
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
There are reports of oil rationing and concerns about fuel supplies, with some countries taking measures such as ordering people to work from home. The situation is attributed to a war, possibly with Iran, and its impact on oil markets, although the extent of the disruption is unclear. Some outlets suggest that demand destruction, or a decrease in oil demand, may be occurring or imminent, while others distinguish the current situation as rationing rather than demand destruction.
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