BlockBeats reported on August 12 that the U.S. Energy Information Administration expects a continuing disruption of roughly 600,000 barrels per day of Middle East crude oil output to last through the end of 2027. The flash update did not specify the cause of the disruption or the countries involved. Calculated from the publication date, the projected outage would extend about 16 months from the time of the report.
BlockBeats, August 12 — The U.S. Energy Information Administration expects a continuing disruption of about 600,000 barrels per day of Middle East crude oil output to last through the end of 2027. Cited in a BlockBeats flash update on August 12, the projection points to a supply gap running roughly 16 months from the report's publication date. The EIA did not disclose the cause of the outage or the specific countries affected.
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