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Oil supply
News updates related to oil supply.
The IEA forecasts a global oil market deficit of 1.78 million barrels per day in 2026.
The International Energy Agency (IEA) warns that global oil supplies will face a severe shortage in 2026 due to conflicts in the Middle East disrupting production and transportation...
Market
Global oil supply is tightening, with inventories projected to fall to a level equivalent to 98 days of consumption.
Goldman Sachs warns that global oil inventories could fall sharply by the end of May 2026, while the Asian region recorded its lowest import levels since 2015.
Energy crisis: Europe doesn't know how much it has in reserves?
Amidst airline suspensions and calls from officials for people to cut back on travel, Europe is striving to prevent energy shortages caused by the Iran conflict...
India: Sugar industry proposes increasing ethanol blending ratio amid oil supply risks.
Sugar producers in India are urging the government to increase the ethanol blending rate in gasoline to maximize production capacity of 20 billion liters per year and strengthen energy security.
IEA: Record oil supply disruptions in April 2026 threaten the European economy.
The International Energy Agency warns that a shortage of 12 million barrels of oil and LNG due to the Middle East conflict would cause a greater shock than the crises of 1973 and 1979.
Saudi Aramco will continue to cut oil supplies to Asia in April 2026.
Saudi Aramco tightened oil supplies to Asian customers for the second consecutive month due to conflicts in the Strait of Hormuz disrupting shipping.
Saudi Aramco will continue to cut oil supply to Asian markets in April 2026.
Saudi Aramco tightened crude oil supplies to Asian refineries for the second consecutive month due to shipping disruptions caused by the conflict in the Strait of Hormuz.
Vietnam has proposed that ASEAN countries prioritize each other's oil and gas supplies.
March 14, 2026 07:32
Foreign Minister Le Hoai Trung stated that ASEAN countries need to maintain and prioritize each other's energy supplies, especially oil and natural gas.
Why are Middle Eastern conflicts causing gasoline prices to skyrocket?
March 10, 2026 15:09
Whenever tensions escalate in the Middle East, the global energy market is shaken. Disruptions to oil production and transportation cause gasoline and diesel prices to rise rapidly across the globe...
Brent crude oil prices surged to $81.40 a barrel due to disruptions in the Middle East.
March 6, 2026 17:32
Global oil and gas prices surged on March 3, 2026, following disruptions to operations and transportation in the Middle East, putting pressure on energy supply chains.
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