Hormuz reopens, but depleted stocks leave the oil market dangerously exposed

June 25, 2026

What the excerpt of the report covers: 


  • China's 3–4 mb/d crude import drop: why much of this is temporary, not structural. 
  • Petrochemical stocks drawn down to tight levels, margins are already strengthening. 
  • EA's estimated floor for Chinese runs at around 12.5 mb/d, imports need to be above 8 mb/d. 
  • At least 80 mb of new Chinese storage capacity starting up this year. 
  • US crude inventories (including SPR) at their lowest since 1985, with no buffers left to absorb a demand return.
Hormuz reopens, but depleted stocks leave the oil market dangerously exposed.

Download report

Please fill in your contact details to access the full insight.

Recent Posts

Kayrros LNG intelligence

How satellite data flagged Pluto LNG’s early start-up

July 31, 2026
Our thermal imagery flagged Pluto Train 2’s faster commissioning weeks before Woodside’s Q2 26 report confirmed the same milestones.
EU electrification plan won't lift power demand yet

EU electrification plan won't lift power demand yet

July 27, 2026
Why the EU's Electrification Action Plan is unlikely to accelerate European power-load growth before 2030, according to our Europe Power forecasts.
EU ETS Reform 2026:What the New LRF Really Means for Carbon Cost

EU ETS Reform 2026: What the new LRF really means for carbon costs

July 23, 2026
Energy Aspects breaks down the EU ETS Commission proposals published 17 July 2026. Explore the soft LRF, MSR reforms, free allocation changes.
Show More