Oil supply shock to worsen as inventories fall further even if conflict ends

AI Summary

An anticipated oil supply shock is set to worsen as inventory levels continue to decline, even if current conflicts resolve. This depletion signals potential price increases and pressures on global oil markets.

The rapid depletion of commercial stockpiles and emergency reserves has come at a time when ‌stockpiles are typically ‌built in preparation for the Northern Hemisphere summer.