Global oil inventories depleted after Strait of Hormuz shipping disruption
Nearly one billion barrels were drawn from global crude inventories following disruption to shipping through the Strait of Hormuz, according to the Abu Dhabi National Oil Company. Some diesel markets face their lowest seasonal stocks in 35 years, and certain gas markets confront a supply gap, leaving the world with diminished protection against another energy shock.
15 hours ago · The Ghanaian Times →