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Global Oil Stockpiles Risk Record Lows if Strait of Hormuz Closure Persists

UBS warns that global oil stockpiles could reach all-time lows by the end of May if the Strait of Hormuz remains closed, impacting worldwide supply.

16 May, 13:25 — 16 May, 13:25
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cnbcMostly Factual2h ago

Global oil stockpiles could hit record lows if Strait of Hormuz remains closed

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

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