#global-oil
Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles
Global oil inventories are falling at an accelerated rate, Goldman Sachs has warned, noting April draws from inventories had run at double the rate until the end of March. Since the start of May, global draws from inventories have been running at 8.7 million …
UK Tweaks Russian Sanctions to Ease Diesel and Jet Fuel Crunch
The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in Iran eats into global oil buffers.