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وكالة الأنباء القطرية
IEA: Oil stocks stay high despite record pulls
The International Energy Agency has confirmed that its member countries still possess large quantities of emergency oil reserves, despite the largest coordinated drawdown on record from strategic stockpiles. Since March, these countries have withdrawn approximately 290 million barrels, and currently hold more than one billion barrels in reserve after approving an additional withdrawal of 400 million barrels due to the rise in global crude prices caused by the conflict in the Middle East. Increased oil exports from Gulf states through alternative routes outside the Strait of Hormuz, along with exports from the United States, Brazil, Venezuela, and Kazakhstan, are helping to compensate for some of the supply shortfall. Meanwhile, oil prices have risen slightly as markets monitor diplomatic efforts to prevent escalation of the conflicts between the United States and Iran, as well as the Houthi threat to impose a blockade on maritime navigation in Saudi Arabia.
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