Oil Market Dynamics Shift: Deliverability, Not Just Production Capacity, Matters
Despite expectations of a global oil supply surplus in early 2026 due to high production and slowing demand growth, inventories have continued to decline. The market's sensitivity to geopolitical disruptions—highlighted by the Strait of Hormuz incident—has shown that deliverability is as critical as headline spare capacity.
Topics: energy security geopolitical tensions Hormuz Strait oil supply