Global oil inventories will tumble this quarter at more than twice the rate previously estimated, according to the International Energy Agency. Markets face a shortfall of 1.8 million barrels a day as “renewed hostilities and maritime disruptions” in...
Global oil inventories will tumble this quarter at more than twice the rate previously estimated, according to the International Energy Agency. Markets face a shortfall of 1.8 million barrels a day as “renewed hostilities and maritime disruptions” in the Middle East undermine a production recovery, the IEA said in its monthly report. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)
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Bloomberg — Markets (EN)