4 Hrs
Source:
صوت بيروت إنترناشونال
%2Ffile%2Fattachments%2F2404%2F113821125_gettyimages-1227919858_391953.jpg&w=3840&q=75)
Stocks Near Critical Support
Oil officials have warned of the depletion of global oil reserves to critical levels, following the withdrawal of more than one billion barrels since the outbreak of the Middle East crisis. This increases the risk of supply shortages and rising prices. These warnings come amid governments and energy companies drawing large quantities from stockpiles to ease market pressures, while the International Energy Agency prepares to release approximately 100 million barrels of oil to calm rising diesel prices, amid a global demand of about 102 million barrels per day. Data indicates that inventories have become a last-resort tool to counter supply disruptions, as the market faces significant challenges with limited available quantities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)