View / Hormuz limbo is now global oil’s top risk
Lost supply and a projected demand rebound have placed the oil market in a fragile equilibrium.
Global oil demand is set to decline this year for the first time since 2020. The International Energy Agency expects a drop of about 1 million barrels per day by 2026.
Lost supply and a projected demand rebound have placed the oil market in a fragile equilibrium.
The region’s top oil producers are boosting output and exports even as conflict disrupts energy flows through the Strait of Hormuz.
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The ongoing disruption of oil exports through the Strait of Hormuz has caused a substantial decline in China's crude oil imports.
The economic and humanitarian consequences of the June 24 twin earthquakes in Venezuela continue to emerge.