International Energy Agency official Toril Bosoni warned that global oil inventories could reach historically low levels before the peak summer demand season if current stock drawdowns continue. Sp…

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.

The IEA warns global oil inventories may hit historic lows before peak summer demand, with 250 million barrels drawn in two months amid Gulf supply losses.