tradingkey.logo
tradingkey.logo
Search

Middle East oil supply disruptions to rise in April and hit Europe, IEA chief says

ReutersApr 1, 2026 10:00 AM

- Oil supply disruptions from the Middle East will rise in April and will hit Europe as supplies dwindle due to the closure of the Strait of Hormuz, International Energy Agency head Fatih Birol said on Wednesday.

"The loss of oil in April will be twice of oil loss in March, on top of the loss of LNG... The biggest problem today is the lack of jet fuel and diesel. We are seeing that in Asia, but soon, I think, in April or May, it would come to Europe," Birol told a podcast with Nicolai Tangen, the head of Norway's sovereign wealth fund.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Recommended Articles

Tradingkey
KeyAI