Global inventories are falling rapidly as the world has already lost roughly 1 billion barrels of crude and condensate supply, while shortages are beginning to emerge across Asia.

Global inventories are falling rapidly as the world has already lost roughly 1 billion barrels of crude and condensate supply, while shortages are beginning to emerge across Asia.

The U.S.-Israeli war with Iran has triggered the largest oil supply disruption in history, accelerating Gulf diversification efforts and promoting major new investments.