Global Crude Oil Market Faces 4.8 Million Barrel Daily Deficit Amid West Asia Tensions
The global crude oil market is currently grappling with a substantial supply deficit of 4.8 million barrels per day (mbpd), triggered by escalating geopolitical instability across West Asia. This supply shock, which intensified throughout the current quarter, has forced energy analysts to recalibrate their forecasts as production and logistics networks face unprecedented disruption in one…
