Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
--------------------------------------------------------------------
Source: CNBC
Published: 2026-05-13 22:12 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
--------------------------------------------------------------------
Snippet:
Oil price spikes are likely over the peak summer demand period as rapidly depleting inventories pile more pressure on the market, the International Energy Agency warned in its latest monthly update released on Wednesday.
--------------------------------------------------------------------