Reuters
18 May 2026, 09:41 UTC · 3d ago
Source · https://www.reuters.com/business/energy/iea-chief-birol-commercial-oil-inventories-depleting-rapidly-only-weeks-left-2026-05-18/
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Commercial oil inventories are depleting rapidly and may only last a few weeks. — Imminent exhaustion of oil buffers suggests a severe supply shock and likely drastic price spikes.
+0.90The Strait of Hormuz has been closed. — Closing a primary global oil chokepoint disrupts a massive percentage of daily global oil flows.
+0.85War in Iran is contributing to the depletion of oil inventories. — Geopolitical instability in a major producing region increases risk premiums and supply uncertainty.
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