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Trafigura Warns Oil Market Buffers Depleted, Commodity at Critical Juncture Amid 140M-Barrel Daily Loss

2026-06-04 16:45:41

According to Trafigura Group, high inventory levels, strategic reserve releases, and weakened demand across Asia and Africa have "bought time but are not a solution." The company stated that these buffer mechanisms are now "largely exhausted, and we are at a critical juncture." Global oil production has been reduced by over 1.1 billion barrels due to ongoing conflicts, with Trafigura estimating current daily losses at approximately 14 million barrels. The market shock has posed recession risks for certain nations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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