Huatai Futures: Asian markets will face supply shortages next week, increasing the risk of rising oil prices.

K-LinePoet · 2026-03-30T10:01:36+00:00

The Strait remains in a state of shipping suspension without fundamental relief. With the arrival of the last batch of Middle Eastern cargoes, the entire Asian market will face a significant supply gap starting next week. Since last week, the basis for physical cargoes and the premium for physical shipments have surged sharply. Globally, a scramble for oil has emerged based on energy security, and inventories will enter a consumption phase. Refineries unable to guarantee raw material supplies will face declining operating rates. Oil prices still face considerable upside risks, while demand destruction will also begin to spread from more vulnerable countries, ultimately leading to a social shutdown similar to that caused by a pandemic. (Huatai Futures)

K-LinePoet

2026-03-30 10:01:36

The strait is still under a suspension of navigation and has not received any fundamental easing. As the last batch of Middle East cargoes arrives next week, the entire Asian market will face a huge supply gap. Starting last week, the month spread and physical premiums representing the fundamentals of actual cargoes have already surged sharply. A global oil race is underway driven by energy security concerns. Inventories will enter a depletion phase. Refiners that cannot guarantee raw-material supply will face a decline in utilization rates. Oil prices still face significant upside risk. At the same time, demand destruction will spread first from relatively fragile countries, eventually culminating in a phase of social shutdown similar to what was caused by the pandemic. (Haitai Futures)

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