The phrase "supply outages" refers to a situation where there is a sudden or temporary shortage or lack of necessary goods or resources. Full definition
This shutdown, if it ever occurs, would cause a hefty supply outage to add to the 1.8 million bpd that OPEC, Russia and their partners agreed to take off global markets. (oilprice.com)
Worse, refined product output in Latin America has fallen recently, with Mexico and Venezuela most vulnerable to supply outages in Texas. (oilprice.com)
Adding in some lingering outages offshore in the Gulf of Mexico, total upstream supply outages still stand at about 300,000 bpd. (oilprice.com)