Commercial oil stocks are falling "very fast" as Gulf supplies remain disrupted by the Middle East war, even with the release of strategic reserves by governments worldwide, the head of the International Energy Agency has warned.

IEA chief Birol warns of rapidly depleting oil inventories, citing the Iran war and limited strategic reserves.

International Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply remaining due to the Iran war and Strait…

"We have still several weeks but we should be aware of the fact that they're declining rapidly," said the head of the International Energy Agency, referring to commercial oil…

Fatih Birol, director executivo da Agência Internacional de Energia (AIE) afirma: “Ainda restam várias semanas, mas devemos estar cientes de que está a diminuir rapidamente”.

Le scorte commerciali di petrolio stanno diminuendo "molto rapidamente" a causa delle continue interruzioni delle forniture nel Golfo dovute alla guerra in M...

Global energy supplies are dangerously low as the Strait of Hormuz crisis continues. IEA warns of oil shortage and soaring prices ahead.

Fears of shortages are rising with the travel season approaching in the northern hemisphere.

Commercial oil stocks are falling "very fast" as Gulf supplies remain disrupted by the Middle East war, even with the release of strategic reserves by governments worldwide, the…

Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe…

IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.

While a surplus of oil in the market before the war has helped absorb the energy shock it caused, "stocks are eroding", said Fatih Birol.

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August