Global oil stocks drop almost 270 million barrels since start of Iran war

middleeasteye.net by @middleeasteye ·

Global oil stocks drop almost 270 million barrels since start of Iran war Global oil inventories are falling sharply as the Israeli-US war on Iran constrains crude flows from the Gulf following the closure of the Strait of Hormuz, according to a Bloomberg report. The data shows stockpiles declined by about 4.8 million barrels per day between March 1 and April 25, pushing global reserves towards their lowest levels since 2018. Energy