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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…
