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