{
    "success": true,
    "data": {
        "id": 1694535,
        "msgid": "strait-of-hormuz-remains-turbulent-global-oil-stocks-approach-record-low-1776869460",
        "date": "2026-04-22 20:43:23",
        "title": "Strait of Hormuz Remains Turbulent, Global Oil Stocks Approach Record Low",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Energy",
        "summary": "Global crude oil inventories are nearing historic lows due to ongoing Middle East conflicts disrupting tanker traffic through the Strait of Hormuz, with Goldman Sachs analysts warning of continued stock declines even if flows improve by month's end. The war has led to production losses of up to 13 million barrels per day in the region, with combined exports of crude and refined products dropping by around 20 million barrels daily, exacerbating supply pressures. Full recovery of production could take months to two years, varying by country, as highlighted by IEA head Fatih Birol, posing significant risks to global energy markets.",
        "content": "<p>Global crude oil supplies are reported to be approaching historic\nlows amid the ongoing war in the Middle East, which is disrupting tanker\ntraffic through the Strait of Hormuz. This was stated by Goldman Sachs\ncommodity analysts. Quoted from Oilprice.com on Wednesday (22\/4\/2026),\nGoldman Sachs warns that even if oil flows through the route begin to\nimprove by the end of this month, the decline in supplies will continue.\nThis is as cited from The Wall Street Journal. Analysts note that even\nif the Strait of Hormuz reopens in May, the shrinkage of global oil\nstocks will persist until May or even June. The war so far has caused\nproducers in the Middle East to lose production of up to 13 million\nbarrels per day, specifically for crude oil. Meanwhile, combined exports\nof crude oil and refined products are reported to have fallen by around\n20 million barrels per day. The head of the International Energy Agency\n(IEA), Fatih Birol, previously stated that more than 80 oil and gas\nfacilities in the region have been damaged, worsening the situation. On\nthe other hand, the longer the war lasts, the greater the potential loss\nof oil production. The financial institution Nomura previously estimated\nan additional production loss of 2.3 million barrels per day in March.\nCompared to the same period last year, Middle East oil production has\nfallen by up to 9.3 million barrels per day, equivalent to a supply\npressure of 57 percent. Several analysts estimate that production\nrecovery will not happen quickly. Restoring production to normal levels\nis expected to take months, even until the end of the year. According to\nBirol, full recovery of oil production in the Middle East region could\ntake up to two years. He added that the supply recovery time will vary\nby country. Iraq, for example, is expected to take longer to restore\nproduction to pre-war levels than Saudi Arabia.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/strait-of-hormuz-remains-turbulent-global-oil-stocks-approach-record-low-1776869460",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}