IEA Sees Possibility of Critically Low Stockpiles Ahead of Peak Summer Demand

(Reuters) – Global oil inventories could hit critical levels ahead of ​the peak summer demand period if stock ‌draws continue at their current pace, the head of the International Energy Agency’s oil industry and markets division said ​on Tuesday. “We’re seeing stock draws continuing into ​the summer, and with the possibility or the ⁠likelihood that … Read more