Shell CEO Wael Sawan has warned that Europe could face a shortage of fuel and energy as early as April unless the Strait of Hormuz is reopened, as the International Energy Agency (IEA) confirms the disruption has created the largest oil supply disruption in the history of the global oil market. The warning was reported by The Guardian’s energy correspondent, Jillian Ambrose. The scale of the crisis The numbers from the IEA are stark. Crude and oil product flows through the Strait of Hormuz have plunged from…

The post Shell CEO warns Europe faces fuel shortage in April appeared first on F&L Asia.