Global oil inventories will slump to five-year low, IMF says | The National

Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns

IEA warns crude stocks risk critical levels by summer as 250M barrels are drawn; Strait of Hormuz reopening could take 6-8 months. Energy disruption forces IT budget reallocation, requiring supply-chain resilience reviews and geopolitical risk assessments.