Oil stocks of OECD countries fall to lowest level since 1990: IEA
Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the Mideast war, the International Energy Agency said Wednesday.
AI Translated Summary:
OECD countries' oil stocks have reached their lowest level since 1990 due to government drawdowns amid disruptions in Gulf crude shipments caused by the Mideast war. This significant decline highlights the ongoing challenges in global oil supply chains.
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