Sorry if I'm not fully up to speed on everything, but as far as I understand:

    • Russian oil has been unsanctioned, although Ukraine has been hitting Russian oil infrastructure, limiting output
    • Iran has been unsanctioned and output has increased from ~1m/day to ~1.5m/day
    • Saudi oil is still flowing through the red sea, except for spot that took a 700k/day hit
    • UAE, Kuwait, Bahraini oil is prohibited from going through Hormuz
    • Venezuela and the US are producing more than before

    How much is that, maybe 5-10 million/day reduction in total?

    Politics and speculation aside, what is the current reduction in oil supply today?
    byu/CaptainCheckmate inoil



    Posted by CaptainCheckmate

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