Jorge Leon of Rystad Energy warned that inventory buffers are thinning and oil prices could rapidly climb to $150 per barrel in the summer if the Strait of Hormuz disruption continues.

reported by one outlet so far · Attributed statement · first recorded Jul 8, 9:30 PM

How each outlet reported it

Deutsche WelleCenter · Jul 8, 9:00 PM

Jorge Leon warned that buffers are becoming thinner and inventory draws cannot fully offset a prolonged disruption to Strait of Hormuz flows

Cites: Jorge Leon, Rystad Energy · Details: former OPEC official

Deutsche WelleCenter · Jul 8, 9:00 PM

Jorge Leon stated that oil prices could rapidly climb to $150 per barrel in the summer if the strait disruption continues

Cites: Jorge Leon · Details: $150 per barrel; summer