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Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.
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cnbc.com
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
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.
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euronews.com
Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to…
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oilprice.com
IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production | OilPrice.com
Global oil demand will exceed supply by 1.78M bpd in 2026 as Middle East conflict closes the Strait of Hormuz.
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marketplace.org
Emergency oil stockpiles are dwindling by roughly 4 million barrels a day
Global oil inventories are buffering consumers from the full force of the supply shock, but analysts warn that reserves can't be drawn down indefinitely.
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thejakartapost.com
Nations drawing down oil stocks at record pace: IEA - Markets - The Jakarta Post
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…
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hurriyetdailynews.com
Nations drawing down oil stocks at record pace: IEA - Latest News
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…
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energyintel.com
Inventories Insulate Oil Demand, But Time Is Running Out
Consumers have tapped surplus oil-on-water and near-record stocks to mitigate supply losses from Hormuz's near-closure. But such draws are becoming unsustainable.