Even 10% is a massive number. Most oil demand is fairly inelastic. You have to get to work no matter the price of gasoline. You might turn your furnastat down a degree, but that's about it. Groceries need to get delivered no matter the price of diesel. Farmers need to fill their tractors no matter the cost. Plastic and industrial demand is fairly inelastic. The price doesn't need to go up by much to reduce demand by 1%. But to reduce demand by 10% involves massive price increases. Only a fraction of gasoline demand is truly elastic. So that 10% reduction in supply might require halving the elastic demand for oil.