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Iran war rapidly wiping out the world’s oil stockpile cushion
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 supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.
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economictimes.indiatimes.com
Iran war rapidly wiping out the world’s oil stockpile cushion
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…
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oilprice.com
Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles | OilPrice.com
Global oil inventories are being depleted at a record pace as restricted Strait of Hormuz flows tighten physical markets and raise the risk of another price surge.
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thehindubusinessline.com
Oil market clock is ticking as supply crunch looms: Bousso
At this pace, some commercial inventories could fall to minimum operating levels – thresholds below which storage systems can no longer function efficiently – as early as August
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cryptobriefing.com
Iran war accelerates depletion of global oil stocks ahead of travel season
Brent crude tops $100 as the Iran war disrupts Strait of Hormuz oil flows. G7 releases 400M barrels from reserves ahead of peak travel season demand.
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tass.com
Decline in global oil stockpiles reaches record pace in May — Goldman Sachs
According to the bank, global stockpiles are shrinking by 8.7 mln barrels per day