Energy Giants Are Betting Billions on a World of Longer Oil Routes
Energy Giants Are Betting Billions on a World of Longer Oil Routes
Source: Oilprice.com
―
DW NOTE
The IEA projects 5.7 million barrels per day less oil in 2026 — roughly the entire daily output of Saudi Arabia before the war. When your supply shock is structural and your chokepoint just reopened after four months, longer routes aren't a hedge, they're the base case. Energy majors are pricing in a world where the 20th-century tanker map is obsolete.