‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
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Source: CNBC
Published: 2026-05-18 22:07 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Europe, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
LONDON - Global oil stockpiles are plummeting and inventories may not recover until December 2027, strategists warn, with physical shortages potentially looming over Europe by the end of this month.
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