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Crude Oil Prices Don’t Reflect the Global Supply Crisis

Mar 31, 2026 11:34 UTC

A 'Sorry This Hose Not In Use' sign covers a pump at a Shell petrol station in Sydney, Australia, on Wednesday, March 25, 2026.

  • A 'Sorry This Hose Not In Use' sign covers a pump at a Shell petrol station in Sydney, Australia, on Wednesday, March 25, 2026
  • Hundreds of service stations across Australia have reported fuel shortfalls, as the war in the Middle East disrupts global supplies
  • Photographer: Brent Lewin/Bloomberg

A 'Sorry This Hose Not In Use' sign covers a pump at a Shell petrol station in Sydney, Australia, on Wednesday, March 25, 2026. Hundreds of service stations across Australia have reported fuel shortfalls, as the war in the Middle East disrupts global supplies. Photographer: Brent Lewin/Bloomberg

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