Middle East Crude Losses Near 1 Billion Barrels by May Running out of barrels: cumulative oil losses reach 782 Mbbls, closing in on 1000 Mbbls by late May | Kpler - May 12, 2026

Middle East crude losses reach 782 Mbbls, nearing 1,000 Mbbls by late May as Strait of Hormuz disruption keeps the global balance in deficit. Middle East crude losses have hit 782 Mbbls and are closing in on 1,000 Mbbls by late May, pushing the global balance into a 2 Mbd deficit despite softer Asian refinery runs and demand destruction. See why the most successful traders and shipping experts use Kpler May 12, 2026