How global energy markets built the ‘Amazon of oil’ logistics to keep prices from spiraling
Businesses and governments managed to keep energy prices from skyrocketing as much as feared during the Iran war by leaning into a “just-in-time” delivery system that harnesses innovations in digital and satellite technology and that reduces the need to stockpile barrels of oil. Call it the “Amazon of oil,” said Jim Wicklund, a veteran oil […]