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The Disappearance of Arab Heavy and Medium Crude Hits Asian Refineries Hard
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FinBERT analysis of financial text showing neutral sentiment with 94.1% confidence.
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Neutral
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94%
Time Horizon
Short Term
Article Context
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In just over two weeks since the US-Israeli strikes on Iran triggered the closure of the Strait of Hormuz, more than 12 million barrels of oil equivalent per day (boepd) of Middle East oil and gas production has been taken offline, including 7 million barrels per day (bpd) of crude supply – equivalent to roughly 7 % of total global liquids demand. Iraq has been hit hardest, with over 60% of its pre-conflict volume curtailed. Still, the more alarming reality is that the worst is likely yet to come. Rystad Energy analysis shows that in a worst-case…
Original article published by
OilPrice.com
on March 17, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.