The global oil market is likely to stay under pressure for several months, even if a peace agreement is reached, according to a report by HFI Research. The firm said ongoing supply disruptions and transport delays are continuing to affect oil availability around the world.
In its latest analysis, HFI Research explained that the market has already reached a critical stage. It estimates that there is a supply shortage of around 11 to 13 million barrels per day. This gap could lead to lower oil storage levels, reduced fuel supplies, or even a drop in demand as prices rise.
The report highlights that even if tensions ease quickly, the oil market will not recover immediately. Physical and logistical challenges make it difficult to restore normal supply levels in a short time.
One major issue is the large amount of oil currently held in floating storage at sea. Around 160 million barrels are still on ships and have not yet reached their destinations. According to the report, it may take 30 to 40 days for this oil to arrive at ports.
After reaching land, additional time is needed for unloading and tanker turnaround, which could take another 20 days. These delays mean that global supply chains will take time to stabilize.
HFI Research is known for providing detailed analysis of oil and gas markets. Experts say its findings highlight the ongoing risks in the energy sector and the challenges facing global oil supply, even if geopolitical conditions improve in the near future.
