Global News
🏢 Corus Entertainment
Jun 9, 2026
· 2 min read
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Global oil inventories headed to lowest level in decades, U.S. EIA warns
Original article ↗B.I.A.S. ANALYSIS
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ML v2 (DistilBERT)
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Ensemble
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Article Excerpt
The war in the Middle East, which has shut down the Strait of Hormuz, has caused oil stockpiles in the world’s largest economies to fall to their lowest levels since at least 2003, according to the latest “forecast overview” of global oil markets, issued Tuesday by the U.S. Energy Information Administration (EIA). The American government energy statistics and analyses agency said the world’s top consuming nations — China, the United States, and India — have tapped oil inventories at a record pace to help offset the loss of over 11 million barrels per day of Middle Eastern output in May,…
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Jun 9, 2026