{
    "success": true,
    "data": {
        "id": 1672078,
        "msgid": "global-oil-market-overshadowed-by-panic-supply-competition-intensifies-1775955042",
        "date": "2026-04-12 07:05:00",
        "title": "Global Oil Market Overshadowed by Panic, Supply Competition Intensifies",
        "author": "Nur Jamal Shaid",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Energy",
        "summary": "The global oil market is gripped by panic due to tightening supply constraints, exacerbated by the fragile US-Iran ceasefire, prompting market players to aggressively compete for immediate crude oil deliveries. In the vital North Sea physical market, only four out of 40 buying offers received seller responses last week, while refineries worldwide are sourcing from unconventional suppliers amid disruptions from the Middle East. Although futures prices for June delivery have dropped 13% to around $95 per barrel on ceasefire optimism, experts warn that physical market pressures could force European refineries to cut operations, with full supply normalisation taking weeks to impact Asia and Europe.",
        "content": "<p>The global oil market is currently gripped by panic due to\nincreasingly felt supply limitations. Amid investor concerns over the\nfragility of the US-Iran ceasefire, market players are racing to secure\ncrude oil available for immediate shipment. Citing Bloomberg on Sunday\n(12\/4\/2026), in the North Sea region\u2014the world\u2019s most important physical\ncrude oil market\u2014trading activity shows significant pressure. Over the\npast week, around 40 buying offers for oil cargoes were recorded, but\nonly four received seller responses. Similar conditions are occurring in\nother regions, where oil refineries are becoming more aggressive in\nseeking supplies, even from unconventional sources. Market players\nassess this situation as reflecting a global crude oil shortage that\nwill become more pronounced in the coming weeks. Supply disruptions from\nthe Middle East are creating a major gap in the world\u2019s energy\ndistribution chain. The price surge also signals that several refineries\nin Europe may have to follow Asia\u2019s lead by reducing production. Head of\nresearch at Sparta Commodities US, Neil Crosby, described the current\nmarket conditions as unhealthy. He believes the physical Brent oil price\nis already too high and could force European refineries to lower their\noperational levels in the near future. This physical market situation\ncontrasts sharply with the futures market. Oil prices for June delivery\nhave actually fallen around 13% in the past week, closing in the range\nof $95 per barrel, driven by optimism over the ceasefire. However, the\nreality of supply on the ground shows far greater pressure. Shipping\nactivity through the Strait of Hormuz has indeed begun to increase, but\nit remains well below pre-conflict normal levels. Even if oil flows\nreturn to normal, the impact will not be felt immediately. It will take\nweeks for oil from the Gulf to reach refineries in Asia and Europe.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-oil-market-overshadowed-by-panic-supply-competition-intensifies-1775955042",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}