IEA chief: Commercial oil inventories depleting rapidly
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Source: The Manila Times
Published: 2026-05-19 02:11 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Europe, Military & Defence, Iran, Energy, World News, Business & Economy, War & Conflict
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Snippet:
PARIS — Fatih Birol, head of the International Energy Agency (IEA), said on Monday that commercial oil inventories were depleting rapidly, with only a few weeks’ worth left due to the Iran war and the closure of the Strait of Hormuz to shipping.
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