Global oil stocks may not cover prolonged U.S.-Iran war

Global oil stocks may not cover prolonged U.S.-Iran war

As the U.S.-Iran war continues, global oil inventories are shrinking, with diesel and jet fuel stocks at five-year lows. The U.S. Strategic Petroleum Reserve may have only 200 million barrels accessible, covering 40 days of supply gap. China's reserves could last nearly a year, but overall buffers are thin.

Source: Reuters

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