Goldman Says Oil Drawdowns Hit Record Pace as Buffer Shrinks
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Article Excerpt
Storage tanks for oil products at the Exolum Corp SA facility in the port of Barcelona, Spain, on Thursday, April 30, 2026. After weeks of fuel inflation across Asia and Europe, higher pump prices are now starting to intensify in the US as war-driven energy shocks show little sign of abating. Photographer: Angel Garcia/Bloomberg PHOTO BY ANGEL GARCIA /Bloomberg Article content (Bloomberg) — Global stockpiles of crude oil and products are being drawn down at a record pace this month as the war in the Middle East drags on, curtailing supplies, according to Goldman Sachs Group Inc. Article conten…
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Jun 2, 2026