European think tank: Oil market supply and demand imbalance will continue until 2027
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
The report points out that the conflict in the Middle East has led to the effective closure of the Strait of Hormuz, causing the largest-scale energy supply shock in history. In 2025, about 15 million barrels of crude oil and 5 million barrels of petroleum products will be transported daily through the Strait of Hormuz, accounting for approximately 20% of global supply. According to the International Energy Agency, since the shipping through the strait was blocked, the global oil supply gap has averaged 12.8 million barrels per day. The report believes that even if the Strait of Hormuz reopens in the short term, restarting oil fields and dispatching oil tankers will still take several months, and the imbalance between supply and demand in the global oil market is expected to persist until 2027.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Progyny Insider Sold Shares Worth $321,358, According to a Recent SEC Filing
MT newswire•2026/09/14 21:56
Progyny director Kevin K. Gordon disposes of 22,000 common shares worth $609,421.30
Reuters•2026/09/14 21:54
Benitec Biopharma Files $200 Million Shelf Registration
MT newswire•2026/09/14 21:47
Marcus & Millichap Capital arranges $53 million build-to-rent refinance in Arkansas
Reuters•2026/09/14 21:44
Crypto prices
MoreBitcoin
BTC
$78,743.12
+2.18%
Ethereum
ETH
$2,546.99
+2.16%
Tether USDt
USDT
$0.9998
+0.01%
BNB
BNB
$723.6
+0.23%
XRP
XRP
$1.44
+7.24%
USDC
USDC
$0.9999
+0.00%
Solana
SOL
$103.23
+2.77%
TRON
TRX
$0.3389
-0.62%
Hyperliquid
HYPE
$80.48
+3.04%
Zcash
ZEC
$1,177.19
+7.97%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now