For most of the past three months, this section has tracked how the supply shock was being transmitted – through tankers, insurance, inventories and product markets. This week it turns the crisis around. The demand side is starting to leave fingerprints too. Not in one clean way. In petrochemical run cuts, LPG allocation orders, aviation distortion and a forward curve that is already pricing recovery before demand recovery has been proven.

May 28, 2026
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4 min read