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EIA is warning that global oil inventories are falling toward multi-decade lows
The EIA is warning that global oil inventories are falling toward multi-decade lows. OECD stockpiles are projected to reach their lowest level since 2003 by December, which could drive up oil prices.
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Adjacent reporting
- Global oil inventories falling at record pace, IEA warns
- Goldman Expects Global Oil Inventories to Hit a Record-Low
- IEA's Bosoni Says Oil Inventories Falling at 'Record Pace'
- Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
- ‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
- Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns