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    Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns

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    Source: South China Morning Post
    Published: 2026-06-03 17:14 UTC+10:00
    Section: Strait of Hormuz
    Factuality Score: 92
    Opinion Category: Neutral
    Topics: Business, Asia, Energy, Economy & Finance, China, World News, Business & Economy, Asia Pacific
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    Snippet:
    Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed
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