oil supply crisis Archives

Vitol executive warns West is ‘asleep at the wheel’ on oil supply crisis

June 3, 2026

(World Oil) – Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz. “In Europe and I think in the U.S., everyone is kind of asleep at the wheel and just carrying on life as normal,” Tom

The next oil shock may already be starting

May 22, 2026

(By Oil & Gas 360) – The longer the Iran war continues, the less this looks like a temporary geopolitical disruption and the more it resembles the early stages of a structural oil supply crisis. For months, markets have focused on headlines surrounding ceasefires, diplomacy, and tanker traffic through the Strait of Hormuz. But beneath the volatility, the global oil

oil supply crisis

Vitol executive warns West is ‘asleep at the wheel’ on oil supply crisis

The next oil shock may already be starting

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