Spin-The-Globe

Global Oil and LPG Supply Chains Under Pressure

Summary Historic supply shock. Middle East conflicts (notably the Strait of Hormuz incidents) have slashed oil flows by ~20 million barrels/day, triggering the largest coordinated reserve release ever (400 million barrels). Oil prices spiked above $100/bbl as markets tightened. Emergency measures. IEA countries and the US moved rapidly: