Falling inventories, reduced Middle Eastern exports, and rising demand could strain global oil supplies within months, the IEA says.
Global oil markets may face severe tightening by July or August due to shrinking inventories, disrupted Middle Eastern exports, and surging summer demand. The International Energy Agency highlighted the risk of entering a “red zone” if conditions do not improve soon.
Recent inventory data supports the warning, contrasting with earlier, more theoretical concerns. The agency previously noted stable supply levels, but current trends suggest a sharper decline than anticipated.
No immediate market reaction was reported, though traders may adjust positions ahead of potential supply constraints.