{"id":1760,"date":"2026-03-16T16:39:53","date_gmt":"2026-03-16T16:39:53","guid":{"rendered":"https:\/\/www.rbc.com\/en\/tl\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/"},"modified":"2026-06-25T19:16:18","modified_gmt":"2026-06-25T19:16:18","slug":"energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/","title":{"rendered":"Energy Shock: 8 charts that explain the global oil and gas fallout"},"content":{"rendered":"\n<div\n\tid=\"tl-fpb-1\"\n\tstyle=\"background-image:url(https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80&amp;w=4096);background-position:50% 50%;background-size:cover;min-height:500px\" class=\"tl-featured-post-banner wp-block-rbc-thought-leadership-blocks-featured-post-banner\">\n\t\t\t<div class=\"tl-featured-post-banner__gradient\" style=\"position:absolute;top:0;left:0;right:0;bottom:0;z-index:0;pointer-events:none;\"><\/div>\n\t\n\t<div class=\"tl-featured-post-banner__inner\">\n\t\t\t\t<a\n\t\t\tclass=\"tl-pill tl-pill--banner\"\n\t\t\thref=\"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\"\n\t\t>\n\t\t\tEnergy\t\t<\/a>\n\t\t\n\t\t<div class=\"tl-featured-post-banner__content\">\n\t\t\t\t\t\t<h2 class=\"tl-featured-post-banner__title\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/\">\n\t\t\t\t\t\tEnergy Shock: 8 charts that explain the global oil and gas fallout\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t<p class=\"tl-featured-post-banner__excerpt\">\n\t\t\t\tKey trends emerging from global energy volatility\t\t\t<\/p>\n\t\t\t\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Oil and gas markets are reeling as the Iran war chokes off production in the Middle East, with its impact reverberating across the world. As energy supply chains get fractured and prices become volatile, we examine the emerging trends defining this new era of global energy insecurity.<\/p>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-e57688ec702088c4908a48016707475c\" id=\"h-the-strait-of-hormuz-is-one-of-the-world-s-most-critical-trade-arteries-but-also-one-of-its-weakest-links-given-the-frequency-of-conflicts-in-the-middle-east\">The Strait of Hormuz is one of the world\u2019s most critical trade arteries\u2014but also one of its weakest links given the frequency of conflicts in the Middle East<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Alternative Middle East export routes have limited capacity of 3.5 to 5.5 million bpd.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">The 54-kilometre waterway handles 20 million barrels per day (bpd) or 20% of global oil supply. Only the Strait of Malacca, in Southeast Asia, handles more crude oil.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Close to 93% of Qatar\u2019s LNG exports transit through the Strait\u201419% of global LNG trade.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/01_Hormuz_a3fed1.png?quality=80&amp;w=1024\" alt=\"Strait of Hormuz: The worlds&apos; energy highway\" class=\"wp-image-25666\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-141fac83793f3fdb6716f401d47d86f2\" id=\"h-energy-hungry-asian-countries-are-most-exposed-to-the-middle-east-crisis\">Energy hungry Asian countries are most exposed to the Middle East crisis<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Japan was the first country to announce the release of oil from its reserves as part of the International Energy Agency-coordinated action, injecting 80 million barrels in the market.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">The U.S. is allowing India to buy Russian oil as a stop-gap measure\u2014as New Delhi scrambles to find alternatives for some of the 2.5-2.7 million bpd it sources from Iraq, UAE, Saudi Arabia and Kuwait.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">The U.S. has exempted Russian oil from sanctions for at least 30 days\u2014weakening Western efforts to support Ukraine in its war against Russia.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/02_Asian.png?quality=80&amp;w=1024\" alt=\"Asian markets are most reliant on Middle East oil and gas supplies\" class=\"wp-image-25667\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-85dbc86e11770a3af6d949c6808f2503\" id=\"h-crude-and-natural-gas-benchmarks-have-risen-as-the-u-s-israel-war-on-iran-spread-to-the-wider-region-even-impacting-north-american-commodity-indices\">Crude and natural gas benchmarks have risen as the U.S.-Israel war on Iran spread to the wider region\u2014even impacting North American commodity indices<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">LNG Japan\/Korea Marker (JKM) jumped the most, underscoring Asian dependence on the Strait.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">The crisis has erased a looming LNG supply glut, with Europe Asia scrambling for supplies.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Oil prices remain volatile, vacillating between US$76-119 per barrel over the past week.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/03_Benchmarks_f02beb.png?quality=80&amp;w=1024\" alt=\"Oil and gas benchmarks jumped as the Middle East conflict flared up\" class=\"wp-image-25669\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-3f835c5740b963a65a36ae608aba8b94\" id=\"h-investors-are-actively-reallocating-capital-to-economies-less-exposed-to-the-conflict-to-nations-with-greater-energy-security-such-as-north-american-markets\">Investors are actively reallocating capital to economies less exposed to the conflict, to nations with greater energy security\u2014such as North American markets<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">The Korean and Japanese stock market sell-off is reflective of energy exposure but also above-average year-to-date performance pre-crisis.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">China\u2019s estimated 100-day oil import cover has shielded its stock market from a severe downturn.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">U.S. and Canada markets have been structural winners in the reallocation of global equities.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/04_EquityMkts.png?quality=80&amp;w=1024\" alt=\"Most equity markets sold off as war broke out - but some are showing signs of resilience \" class=\"wp-image-25643\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-4283031126f8325fc7f1cf4b198be3d1\" id=\"h-american-consumers-are-also-paying-the-price-of-a-conflict-thousands-of-miles-away\">American consumers are also paying the price of a conflict thousands of miles away<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">While North America\u2019s net exporter of crude oil, the global structure of oil markets has not spared the American economy<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">A recent Washington Post\/CNN poll shows about 7 in 10 American voters are &#8220;very&#8221; or &#8220;somewhat&#8221; concerned that the Iran war will send oil and gasoline prices higher<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Higher gasoline prices would be a key datapoint for the U.S. administration as it plots it next move.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/05_GasolinePrices.png?quality=80&amp;w=1024\" alt=\"The U.S.-Israel war on Iran immediately hit American wallets as prices at the pump spiked\" class=\"wp-image-25644\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-7e7fc115b9ad316f4aad8efeb11f5f84\" id=\"h-central-banks-are-suddenly-contemplating-hikes-not-cuts-according-to-market-expectations\">Central banks are suddenly contemplating hikes\u2014not cuts, according to market expectations<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Across Canada, the U.S. and EU, the expectation was an easing of monetary policy as the year progressed\u2014but it has reversed on fears of higher inflation.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">A sustained US$80 oil could raise inflation from 2.2% to 2.5% in Canada, according to RBC Economics.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Similarly, the U.S. would see an increase from 2.7% to 3.1% at US$80 per barrel.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/06_Rates_64eb21.png?quality=80&amp;w=1024\" alt=\"Policy rates expectations in developed economies have changed dramatically in the space of a few weeks\" class=\"wp-image-25670\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-0410db54d758a17daba1a8aa22fd7622\" id=\"h-canadian-energy-has-already-been-making-inroads-into-the-asian-market\">Canadian energy has already been making inroads into the Asian market<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">China has been Canada\u2019s biggest non-U.S. oil export destination\u2014which could grow further as relations with Beijing improve.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">South Korea has been the primary destination for Canadian LNG to date.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Over the long term, Canada could likely serve a more meaningful role in de-risking Asian supply.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/07_Exports_b5b469.png?quality=80&amp;w=1024\" alt=\"Canadian oil and gas are expanding their export base, but remain U.S. centric\n\" class=\"wp-image-25671\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-rbc-bright-blue-color has-text-color has-link-color wp-elements-621ebffc97880d293a9fefb64bad6d01\" id=\"h-brent-future-curve-suggests-oil-prices-will-remain-higher-for-longer\">Brent Future curve suggests oil prices will remain higher for longer<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Around 8 million barrels per day of crude and 10 mbd of liquids production in the Middle East is reportedly shut in with the Strait of Hormuz at a virtual standstill, according to the International Energy Agency.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Despite International Energy Agency members planning 400-million-barrel injection into markets, the price trajectory would likely depend on the U.S.&#8217;s ability to ensure the security of the Strait of Hormuz.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2026\/03\/Brent-Future-curve-suggests-oil-prices-will-remain-higher-for-longer.png?quality=80\" alt=\"Brent Future curve suggests oil prices will remain higher for longer\" class=\"wp-image-25660\" \/><\/figure>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mar-t mob-mar-t mar-b mob-mar-b has-rbc-bright-blue-tint-1-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<p class=\"pad-b-0 mob-pad-b-0 mar-b-0 mob-mar-b-0 has-white-color has-text-color has-link-color wp-elements-1abe5e2125a3201b2ba8f45c2ce8a0fe wp-block-paragraph\" id=\"h-shaz-merwat-energy-policy-lead\"><strong>Shaz Merwat<\/strong>, is the Energy Policy Lead for RBC Thought Leadership<\/p>\n<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">@media (min-width:782px){#tl-fpb-1 .tl-featured-post-banner__gradient{background:linear-gradient(135deg, #070707, #00356300 100%);opacity:1;}}@media (max-width:781px){#tl-fpb-1{background-image:url(https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80&w=4096)!important;background-position:50% 50%!important;background-size:cover!important;min-height:400px!important;}#tl-fpb-1 .tl-featured-post-banner__gradient{background:linear-gradient(45deg, #070707, #00356300 100%);opacity:1;}}<\/style>","protected":false},"excerpt":{"rendered":"<p>Key trends emerging from global energy volatility<\/p>\n","protected":false},"author":89,"featured_media":4613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"disable_focal_point":true,"featured_image_focal_point":{"x":0.5,"y":0.5},"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","editor_notices":[],"footnotes":"","jetpack_post_was_ever_published":false},"categories":[96,127],"tags":[],"rbc_tl_platform":[],"rbc_tl_newsletter":[],"rbc_tl_content_type":[126],"rbc_tl_author":[203],"class_list":["post-1760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-geopolitics-trade-and-the-economy","rbc_tl_content_type-article","rbc_tl_author-shaz-merwat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Energy Shock: 8 charts that explain the global oil and gas fallout - RBC Thought Leadership<\/title>\n<meta name=\"description\" content=\"Key trends emerging from global energy volatility\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Shock: 8 charts that explain theglobal oil and gas fallout\" \/>\n<meta property=\"og:description\" content=\"Key trends emerging from global energy volatility\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Thought Leadership\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/rbc\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-16T16:39:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-25T19:16:18+00:00\" \/>\n<meta name=\"author\" content=\"lavanyakaleeswaran\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Energy Shock: 8 charts that explain the global oil and gas fallout\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80\" \/>\n<meta name=\"twitter:creator\" content=\"@RBC\" \/>\n<meta name=\"twitter:site\" content=\"@RBC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lavanyakaleeswaran\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/\"},\"author\":{\"name\":\"lavanyakaleeswaran\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#\\\/schema\\\/person\\\/cec9995a792157ffbea0c44069edcb32\"},\"headline\":\"Energy Shock: 8 charts that explain the global oil and gas fallout\",\"datePublished\":\"2026-03-16T16:39:53+00:00\",\"dateModified\":\"2026-06-25T19:16:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/\"},\"wordCount\":680,\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80\",\"articleSection\":[\"Energy\",\"Geopolitics, Trade and the Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/\",\"name\":\"Energy Shock: 8 charts that explain the global oil and gas fallout - RBC Thought Leadership\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80\",\"datePublished\":\"2026-03-16T16:39:53+00:00\",\"dateModified\":\"2026-06-25T19:16:18+00:00\",\"description\":\"Key trends emerging from global energy volatility\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80\",\"width\":7250,\"height\":3500,\"caption\":\"Energy Shock: 8 charts that explain the global oil and gas fallout\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/energy\\\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"RBC Thought Leadership\",\"item\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Energy Shock: 8 charts that explain the global oil and gas fallout\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#website\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/\",\"name\":\"RBC Thought Leadership\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#organization\",\"name\":\"RBC Thought Leadership\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/tl\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/rbc-logo-shield_69c74f.svg?quality=80&w=1024\",\"contentUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/tl\\\/wp-content\\\/uploads\\\/sites\\\/27\\\/2026\\\/06\\\/rbc-logo-shield_69c74f.svg?quality=80&w=1024\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"RBC Thought Leadership\"},\"alternateName\":\"Royal Bank of Canada Thought Leadership\",\"description\":\"RBC Thought Leadership delivers critical insights to help businesses, policymakers, and communities make informed decisions in a changing world. From geopolitical shifts to Canadian growth and productivity, disruptive technology, and the future of skills, our research is designed to provide meaningful insights that can help drive prosperity for all Canadians.\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/rbc\",\"https:\\\/\\\/x.com\\\/RBC\",\"https:\\\/\\\/www.instagram.com\\\/rbc\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/RBC\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/rbc\"],\"parentOrganization\":{\"@type\":\"Organization\",\"name\":\"Royal Bank of Canada\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/thought-leadership\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Energy Shock: 8 charts that explain the global oil and gas fallout - RBC Thought Leadership","description":"Key trends emerging from global energy volatility","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/","og_locale":"en_US","og_type":"article","og_title":"Energy Shock: 8 charts that explain theglobal oil and gas fallout","og_description":"Key trends emerging from global energy volatility","og_url":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/","og_site_name":"RBC Thought Leadership","article_publisher":"https:\/\/www.facebook.com\/rbc","article_published_time":"2026-03-16T16:39:53+00:00","article_modified_time":"2026-06-25T19:16:18+00:00","author":"lavanyakaleeswaran","twitter_card":"summary_large_image","twitter_title":"Energy Shock: 8 charts that explain the global oil and gas fallout","twitter_image":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","twitter_creator":"@RBC","twitter_site":"@RBC","twitter_misc":{"Written by":"lavanyakaleeswaran","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/"},"author":{"name":"lavanyakaleeswaran","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#\/schema\/person\/cec9995a792157ffbea0c44069edcb32"},"headline":"Energy Shock: 8 charts that explain the global oil and gas fallout","datePublished":"2026-03-16T16:39:53+00:00","dateModified":"2026-06-25T19:16:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/"},"wordCount":680,"publisher":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#organization"},"image":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","articleSection":["Energy","Geopolitics, Trade and the Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/","url":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/","name":"Energy Shock: 8 charts that explain the global oil and gas fallout - RBC Thought Leadership","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","datePublished":"2026-03-16T16:39:53+00:00","dateModified":"2026-06-25T19:16:18+00:00","description":"Key trends emerging from global energy volatility","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","width":7250,"height":3500,"caption":"Energy Shock: 8 charts that explain the global oil and gas fallout"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/energy\/energy-shock-8-charts-that-explain-the-global-oil-and-gas-fallout\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"RBC Thought Leadership","item":"https:\/\/www.rbc.com\/en\/thought-leadership\/"},{"@type":"ListItem","position":2,"name":"Energy Shock: 8 charts that explain the global oil and gas fallout"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#website","url":"https:\/\/www.rbc.com\/en\/thought-leadership\/","name":"RBC Thought Leadership","description":"","publisher":{"@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/thought-leadership\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#organization","name":"RBC Thought Leadership","url":"https:\/\/www.rbc.com\/en\/thought-leadership\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/thought-leadership\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbc.com\/en\/tl\/wp-content\/uploads\/sites\/27\/2026\/06\/rbc-logo-shield_69c74f.svg?quality=80&w=1024","contentUrl":"https:\/\/www.rbc.com\/en\/tl\/wp-content\/uploads\/sites\/27\/2026\/06\/rbc-logo-shield_69c74f.svg?quality=80&w=1024","width":"1024","height":"1024","caption":"RBC Thought Leadership"},"alternateName":"Royal Bank of Canada Thought Leadership","description":"RBC Thought Leadership delivers critical insights to help businesses, policymakers, and communities make informed decisions in a changing world. From geopolitical shifts to Canadian growth and productivity, disruptive technology, and the future of skills, our research is designed to provide meaningful insights that can help drive prosperity for all Canadians.","sameAs":["https:\/\/www.facebook.com\/rbc","https:\/\/x.com\/RBC","https:\/\/www.instagram.com\/rbc","https:\/\/www.youtube.com\/user\/RBC","https:\/\/www.linkedin.com\/company\/rbc"],"parentOrganization":{"@type":"Organization","name":"Royal Bank of Canada","url":"https:\/\/www.rbc.com\/en\/thought-leadership\/"}}]}},"author_meta":{"display_name":"lavanyakaleeswaran","author_link":"https:\/\/www.rbc.com\/en\/thought-leadership\/author\/lavanyakaleeswaran\/"},"featured_img":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-content\/uploads\/sites\/27\/2026\/06\/Energy-shock-Blog-Image_Banner-wide.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/category\/energy\/\" class=\"advgb-post-tax-term\">Energy<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/category\/geopolitics-trade-and-the-economy\/\" class=\"advgb-post-tax-term\">Geopolitics, Trade and the Economy<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Energy<\/span>","<span class=\"advgb-post-tax-term\">Geopolitics, Trade and the Economy<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 months ago","modified":"Updated 3 weeks ago"},"absolute_dates":{"created":"Posted on March 16, 2026","modified":"Updated on June 25, 2026"},"absolute_dates_time":{"created":"Posted on March 16, 2026 4:39 pm","modified":"Updated on June 25, 2026 7:16 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/posts\/1760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/comments?post=1760"}],"version-history":[{"count":3,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/posts\/1760\/revisions"}],"predecessor-version":[{"id":6656,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/posts\/1760\/revisions\/6656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/media\/4613"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/media?parent=1760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/categories?post=1760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/tags?post=1760"},{"taxonomy":"rbc_tl_platform","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/rbc_tl_platform?post=1760"},{"taxonomy":"rbc_tl_newsletter","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/rbc_tl_newsletter?post=1760"},{"taxonomy":"rbc_tl_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/rbc_tl_content_type?post=1760"},{"taxonomy":"rbc_tl_author","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/thought-leadership\/wp-json\/wp\/v2\/rbc_tl_author?post=1760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}