Global oil inventories
Coverage of Global oil inventories in the Nexus archive.
- 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.
- Iran war leaves U.S. gas prices at highest levels in nearly four years ahead of Memorial Day
U.S. gas prices have reached their highest levels in nearly four years amid tensions with Iran, with analysts warning that global oil inventory declines could push fuel prices even higher within 4-6 weeks. The price surge comes ahead of the Memorial Day holiday period.
- Goldman Expects Global Oil Inventories to Hit a Record-Low
Goldman Sachs predicts global oil inventories will reach a record-low level, signaling potential supply tightness in the market.
- Global oil inventories to fall below 100 days of demand on Hormuz blockade
Global oil inventories are projected to fall below 100 days of demand due to a blockade in the Hormuz Strait, signaling a critical reduction in energy reserves. The Hormuz Strait, a key oil shipping route, is central to the disruption.