đš HORMUZ CRISIS: OIL DEMAND OUTLOOK CUT
Summary:
The Strait of Hormuz supply disruption is now affecting not only oil supply, but also global demand for refined products. Energy Intelligence has reduced its 2026 global product-consumption outlook as tighter fuel availability pushes prices higher.
Key Points:
âą Middle East refinery runs are down ~1.3M barrels/day YoY
âą Russian refinery runs are down ~850K b/d
âą Chinese refinery runs are down ~1.4M b/d
âą U.S. refiners are producing ~350K b/d more YoY
âą Hormuz was handling ~15M b/d of crude and ~5M b/d of refined products/LPG when the conflict began
Market Insight:
A prolonged Hormuz disruption could create a double-sided oil shock: tighter supply alongside weaker fuel demand as high prices encourage consumers and industries to seek alternatives.
#oil #brent #Energy #Hormuz #CryptoNews $BZ $CL
Summary:
The Strait of Hormuz supply disruption is now affecting not only oil supply, but also global demand for refined products. Energy Intelligence has reduced its 2026 global product-consumption outlook as tighter fuel availability pushes prices higher.
Key Points:
âą Middle East refinery runs are down ~1.3M barrels/day YoY
âą Russian refinery runs are down ~850K b/d
âą Chinese refinery runs are down ~1.4M b/d
âą U.S. refiners are producing ~350K b/d more YoY
âą Hormuz was handling ~15M b/d of crude and ~5M b/d of refined products/LPG when the conflict began
Market Insight:
A prolonged Hormuz disruption could create a double-sided oil shock: tighter supply alongside weaker fuel demand as high prices encourage consumers and industries to seek alternatives.
#oil #brent #Energy #Hormuz #CryptoNews $BZ $CL
