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.

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…