International Energy Agency: Global oil inventories to decline significantly, with a daily shortage of 1.8 million barrels
2026-08-12 18:34:32
According to CoinMeta, and as reported by Bloomberg, the International Energy Agency (IEA) stated that the global oil market is facing a greater shortage, with global oil inventories expected to decline at a rate more than twice that of previous estimates this quarter. In its monthly report, the IEA pointed out that due to "resurgent hostilities and maritime disruptions" in the Middle East, the market is facing a daily shortage of 1.8 million barrels.
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Source:Bloomberg
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