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2026-05-19 14:38
Global oil reserves depleting rapidly amid Hormuz crisis
TEHRAN- The world is facing an "energy countdown" as global oil reserves decline at an unprecedented pace, driven by IEA warnings and the ongoing crisis in the Strait of Hormuz. The International Energy Agency (IEA) has cautioned that commercial oil inventories may only last a few weeks, urging markets to recognize the severity of the situation.
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2026-05-06 09:03
Global oil stocks approaching 8-year low, depletion speed a concern: Goldman Sachs
TEHRAN – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said, warning that the speed of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted.