1. ConocoPhillips CFO Warns of 'Critical Oil Shortages' by June as Hormuz Blockade Enters Third Month
ConocoPhillips Chief Financial Officer Andy O'Brien warned Thursday that oil markets face "critical shortages" for some nations as early as June, signaling a significant deterioration in global energy flows that have already driven Brent crude prices more than 50% higher over nine weeks. The warning comes as the Hormuz...