Mackie: Tight supply of oil products may further deteriorate

date
11/04/2026
McKinsey stated that due to refineries struggling to secure crude oil supplies, the tense situation in the global petroleum product market may further deteriorate. Analysts led by Vikas Dwivedi said in a report on April 9, "If the conflict continues, limited crude oil supply leading to lower refinery utilization rates could further expand the gap in petroleum product supply." Globally, the total production capacity shut down in the second half of March due to conflicts amounted to 336.7 million barrels per day.