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Oil inventories held by OECD member countries fell in May to their lowest level since 1990.
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West Asia
Who
International Energy Agency (IEA), OECD member countries
What
Oil inventories held by OECD member countries fell in May to their lowest level since 1990.
When
Wed, 17 Jun 2026 09:02:09 GMT · 3h 4m ago
Where
West Asia ·
Why
Governments drew down stocks to offset the blockage of Gulf crude shipments during the West Asia conflict.
The Frontline Impact
How this affects you
The significant drawdown of oil stocks in OECD countries, driven by the West Asia conflict and closure of the Strait of Hormuz, has led to eroding buffers despite reduced demand, and while emergency releases are slowing, high prices are expected to depress oil demand through the current year.
Story chain
2 events in this thread- Markets3h 4m agoOil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the West Asia conflict.Open article
- Currently Reading3h 4m agoOil inventories held by OECD member countries fell in May to their lowest level since 1990.