The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of the most senior executives in global energy just said so on the record.Shell CEO Wael Sawan used the company's Q1 2026 earnings call on May 7 to deliver one of the clearest assessments yet of where the global oil market actually stands.What Shell CEO said about oil shortage"The hard facts are we have dug ourselves a hole of close to a billion barrels of crude shortage at the moment, either because of…
From the Field