Global Oil Reserves Depleting at Record Pace: IEA and OPEC Issue Urgent Warnings
The global energy landscape is facing a critical inflection point as the International Energy Agency (IEA) warns that global oil inventories are falling at a record pace. This rapid depletion is being driven by mounting supply losses centered around the Strait of Hormuz, forcing nations to dip deeper into their strategic reserves to mitigate the … Read more