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Oil markets watchful amid Israel-Hamas war

Dr Carole Nakhle, CEO of Crystol Energy, is quoted in this article from DW commenting on the implications of the Israel-Hamas war on global oil and gas markets.

Oil prices

Data source: EIA

According to Dr. Nakhle, the upward pressure in prices is largely due to the ‘fear’ of serious supply disruptions. So far, no such scenario has materialised. She added that the closure of the Tamar gas field in Israel won’t have a “material impact” on gas prices.

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