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Monday, Jul 6 About
AmericaStrikes
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IEA

3 articles

StanChart: Record SPR Draws Are Now Thinning the U.S. Oil Buffer
Analysis
markets

StanChart: Record SPR Draws Are Now Thinning the U.S. Oil Buffer

Standard Chartered finds the IEA-coordinated 400-million-barrel reserve pledge is now tightening America's emergency oil cushion as the Hormuz blockade enters month two.

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IEA: Global Oil Inventories Draining at Record Pace
markets

IEA: Global Oil Inventories Draining at Record Pace

Global oil stocks fell 117 million barrels in April alone as the Hormuz blockade cuts 14 mb/d of supply, the IEA says, with Brent holding near $106/bbl.

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EIA Forecasts $115 Brent Peak as Hormuz Cuts 6.7 mb/d in May
markets

EIA Forecasts $115 Brent Peak as Hormuz Cuts 6.7 mb/d in May

U.S. and international energy agencies report the deepest supply disruption on record, with EIA projecting Brent to peak at $115 in Q2 and gasoline averaging $3.70 this year.

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