Global Oil Inventories Forecast to Hit 23-Year Low as Trump Taps US Reserves
Analese Hartford28d ago
From the article
The U.S. Strategic Petroleum Reserve is nearing its lowest level in decades, with new EIA data revealing domestic and global oil inventories are set to plunge to lows not seen since 2003. The ongoing war with Iran and the closure of the Strait of Hormuz are driving the crisis, forcing the U.S. to release emergency reserves. Experts warn high prices and utility bills will persist as the energy squeeze intensifies this summer.
Continue reading on WCTUYou might also wanna read
U.S. Strategic Petroleum Reserve hits lowest level since 1983 amid Iran war supply disruption
The U.S. Strategic Petroleum Reserve has dropped to 340.3 million barrels, its lowest level since 1983, due to emergency releases aimed at o
cnbc.com·23d ago
US Strategic Petroleum Reserve Falls to 43-Year Low Amid Iran War Fuel Price Concerns
The US Strategic Petroleum Reserve has dropped to roughly 340 million barrels, its lowest level since 1983, as the Trump administration rele
bloomberg.com·23d ago
US oil stocks fall to lowest level since 2004 amid Iran policy pressures
US oil stocks have fallen to their lowest level since 2004, dropping by 10.6 million barrels last week to 1.57 billion barrels. The decline
as.ft.com·1mo ago
Global Oil Inventories Near Critical Levels as Asia Faces Supply Shortages, Experts Warn
Global oil inventories are approaching critical minimum levels, with Asia already facing supply shortages and Europe close behind. Industry
oilprice.com·1mo ago
GAO Report Examines Strategic Petroleum Reserve's Capabilities, Maintenance Backlogs, and Need for Long-Term Planning
The U.S. Strategic Petroleum Reserve (SPR) is being drawn down amid the Iran war, the greatest disruption to global oil supplies in history.
gao.gov·9d ago
Donald Trump’s Iran war drains US oil stocks to lowest level since 2004
ft.trib.al·1mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.