EnergyReader · 2026-08-04 20:52

Shell, Exxon and Chevron Steer War Earnings Into Debt as BMI Flags Elevated Q3 Disruption

By EnergyReader Newsroom · August 4, 2026

BMI analysts warned on Monday (2026-08-03) that maritime disruptions across the Middle East will remain elevated through the third quarter, with up to 12 million barrels per day of liquids (12 percent of global production) still shut in, along with 86 million tonnes of LNG output, a fifth of global supply. The CPC export terminal in the Black Sea, which handles 1.5 million barrels per day of Kazakh crude, has since resumed loadings, but all other disruption factors, BMI said, "remain firmly in play."

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