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Global inventory race intensifies amid fears of energy crunch from Iran war
Global oil inventories fell 250M barrels in two months as the Iran war blocks the Strait of Hormuz, triggering a worldwide scramble for energy supplies.
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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.
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cnbc.com
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.
