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IEA: The World’s Oil Safety Net is Almost Entirely Depleted
The IEA has warned that global oil supplies are depleting at a record pace, with the Strait of Hormuz closure driving the worst supply shock in decades
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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.
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economictimes.indiatimes.com
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
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…
