How European crude became oversupplied amid deep supply crisis

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This episode is 13 minutes long.

Q: When was this Oil Markets episode published?

This episode was published on June 4, 2026.

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from Oil Markets

The global crude oil market continues to see disrupted exports from the Middle East. Yet, with soft Asian demand and the release of strategic reserves around the world, Europe now finds itself struggling to place excess crude oil barrels ahead of peak summer demand. To examine the latest development in European crude oil balances, S&P Global Energy's Gary Clark, associate director, is joined by frontline price reporters Ernest Puey and Patrick McAllister to unpack supply drivers that have led to the current supply glut.

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How European crude became oversupplied amid deep supply crisis

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Frequently Asked Questions

How long is this episode of Oil Markets?

This episode is 13 minutes long.

When was this Oil Markets episode published?