Global oil inventories are being rapidly depleted to offset lost supplies, raising fears that the world could soon reach operational limits that trigger severe shortages and much higher oil prices.

HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry…

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn…