Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.

De wereldwijde olievoorraden nemen in recordtempo af door de oorlog in het Midden-Oosten. Daardoor is de export van olie uit de regio ernstig verstoord geraakt, meldt het…

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.