Global Oil Markets Face Volatility as Inventory Depletion and Geopolitical Tensions Converge
The Current State of Global Energy Markets The International Energy Agency (IEA) reported in May 2026 that global oil inventories are being depleted at a record pace, fueling sustained price volatility across international markets. This rapid draw on reserves comes as geopolitical instability, particularly regarding the Strait of Hormuz, continues to threaten the steady flow…
