Taiwan's state oil company says fuel and gas supplies are locked in through year-end despite Middle East war pushing oil past $100 a barrel — reassuring for consumers, but the system is running at its limit.

• CPC has bought enough oil and gas to cover Taiwan through December and is now lining up first-quarter shipments for next year.
• Taiwan has far less storage than Japan or Korea, so CPC rushed into the spot market as soon as the Middle East war broke out.
• Japanese partners are filling the gap — a tanker carrying US gas arrived in Kaohsiung on Monday via Osaka Gas, and JERA helps source cargoes too.
• The Yongan terminal is taking two ships every three days and handling more gas each year than it was built for, running past 100% of capacity.

Outlook: Supply looks safe into early next year, but with the terminal already overloaded, any new disruption in the Middle East or a delayed shipment would leave little cushion.