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April oil demand slump isn’t due to prices JPMorgan says supply shortages caused forced demand loss
Economy
Published on 28 April 2026
Spare production capacity was suddenly unavailable
JPMorgan says April’s oil demand slump is a forced loss driven by supply disruptions rather than high prices. Supply problems surged in March and April, spare production capacity couldn’t be tapped, and global inventories fell sharply. The steepest demand drops hit the Middle East, Asia, and Africa, with petrochemicals and aviation hit hardest.
- JPMorgan calls it a forced demand loss from supply shortages
- Supply disruptions spiked across March and April
- Spare production capacity was not available to offset shortages
- Petrochemicals and aviation faced the biggest demand hit
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times