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Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns
Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed.
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oilprice.com
The Iran War’s First 90 Days Upended Energy Markets | OilPrice.com
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.
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IEA: Global Oil Stocks on Track for Historical Lows Ahead of Summer Peak | OilPrice.com
The IEA warns global oil stocks could hit historical lows this summer as Hormuz-driven supply losses and record SPR drawdowns collide with peak seasonal demand.
