Oil production outages from the Middle East are estimated to be around 9mln bpd as of now, via Kpler's Bakr
Newsquawk Staff ·
Oil production outages from the Middle East are estimated to be around 9mln bpd as of now, via Kpler's Bakr.
What it means
The significant oil production outages in the Middle East, currently estimated at around 9 million barrels per day, could lead to upward pressure on prices if these disruptions persist. This scale of disruption is notable relative to typical supply fluctuations and may impact both inflation expectations and the broader commodities market. Traders should closely monitor market reactions and any OPEC responses that could arise from sustained outages.
Sources
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
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