Turkey Depleted Reserves at Record Pace in March Over Iran War - Bloomberg.com

Turkey Depleted Reserves at Record Pace in March Over Iran War  Bloomberg.com

IEA warns of further price spikes as global oil inventories fall at record pace

Iran war has cut into oil consumption but not enough to halt ‘rapid’ draw on inventories

Global oil inventories falling at record pace amid Iran war; UK bond recovery fizzles out as Streeting ‘prepares challenge’ – business live

IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace Global oil stocks are being run down at a record pace as supply losses mount due to the ongoing Iran war, the International Energy Agency has warned. In its latest outlook report, the IEA reports that global oil inventories fell by 129 million barrels in March, and by a further 117 million barrels in April, as countries dipped into their reserves to cover the shortfall followi...

By Graeme Wearden

Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

Iran war: Oil stocks being used up at record pace, IEA warns

The International Energy Agency warned of "rapidly shrinking buffers." Meanwhile, Iranian Foreign Minister Araghchi is en route to Delhi for a BRICS gathering which is set to be dominated by the conflict. DW has more.

IEA warns oil supply crunch amid the West-Asia war

Nations drawing down oil stocks at record pace: IEA

IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year

IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus, OilPrice reports citing the latest IEA data. "With Hormuz tanker traffic still restricted, cumulative supply ​losses from Middle East Gulf producers already exceed 1 billion barrels with more than 14 million (barrels per ⁠day) of oil now shut in, an un...

By Tyler Durden

OPEC slashes 2026 global oil demand growth forecast

Oil cartel OPEC on Wednesday cut its forecast for global oil demand growth in 2026, joining other forecasters such ​as the International Energy Agency (IEA) in trimming expectation...