Oil markets are seeing ‘the biggest gap in energy supplies the world’s ever seen’ – analyst

What: Oil markets are experiencing a significant shortage due to a gap in energy supplies.
Why: The shortage is attributed to a combination of factors including high demand, supply chain disruptions, and geopolitical tensions.
Signal: Analysts warn that the shortage could lead to a surge in oil prices, potentially exceeding **$120** per barrel.
Target: The International Energy Agency (IEA) forecasts a global oil deficit of **1.3 million barrels per day** in the second quarter of 2026.
Risk: The shortage poses a significant risk to global economic growth, particularly in countries heavily reliant on oil imports.