Latest Oil Inventory News & Updates

Report Warns of Possible Oil Inventory Depletion Within Weeks

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New Delhi, May 6 (IANS) Global oil inventories that can be tapped without disrupting supply chains could be exhausted within three weeks, raising the risk of ‘operational stress’ in markets by mid‑June, a report has said.The report from investment bank JP Morgan said that the global oil inventory stood at 8.4 billion barrels of oil in early 2026, but only a small portion is usable without pushing the system into strain in order to keep the circulation network working.”Of the 8.4 billion barrel…