Oil could hit $150/bbl as Gulf shutdown of 15 million b/d forces demand destruction

Oil could hit $150/bbl as Gulf shutdown of 15 million b/d forces demand destruction

LONDON/HOUSTON/SINGAPORE, March 10, 2026 (GLOBE NEWSWIRE) -

Wood Mackenzie: oil could hit US$150/bbl

With 15 million bpd of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market – a process that could require prices to reach US$150/bbl, according to new Wood Mackenzie analysis.

Oil could hit $150/bbl as Gulf shutdown of 15 million b/d forces demand destruction - Business News Week

LONDON/HOUSTON/SINGAPORE, Mar 10 – With 15 million barrels per day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market—a process that could require prices to reach $150/bbl, according to new Wood Mackenzie analysis. The scale of disruption is unprecedented. Gulf countries in total produce 20 million b/d of […] The post Oil could hit $150/bbl as Gulf shutdown of 15 million b/d forces demand destruction fir…