Global oil inventories will tumble this quarter at more than twice the rate previously estimated, according to the International Energy Agency. Markets face a shortfall of 1. 8 million barrels a day as “renewed hostilities and maritime disruptions” in the Middle East undermine a production recov...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-12/iea-says-oil-markets-are-facing-a-wider-shortfall-video)