Western countries are relatively "protected" from the current energy shock:
- Oil transportation volumes on global shipping routes have dropped to approximately 1.43 billion barrels, a decrease of 270 million barrels over the past 3 weeks. - Meanwhile, commercial crude oil flows to OECD Europe and the Americas have reached approximately 960 million barrels, the highest level since at least 2024. - Since early 2026, Western commercial crude oil flows have increased by 50 million barrels, while global oil transportation volumes have declined significantly. - In fact, U.S. oil giants are poised for their most profitable year ever. - The U.S. is extracting and selling oil at an unprecedented pace.
Western countries are relatively "protected" from the current energy shock:
- Oil transportation volumes on global shipping routes have dropped to approximately 1.43 billion barrels, a decrease of 270 million barrels over the past 3 weeks.
- Meanwhile, commercial crude oil flows to OECD Europe and the Americas have reached approximately 960 million barrels, the highest level since at least 2024.
- Since early 2026, Western commercial crude oil flows have increased by 50 million barrels, while global oil transportation volumes have declined significantly.
- In fact, U.S. oil giants are poised for their most profitable year ever.
- The U.S. is extracting and selling oil at an unprecedented pace.