Business

Oil Market Turmoil Continues

Updated 2026-05-13 12:35 UTC 1 source Negative

The International Energy Agency warns that the oil market turmoil is far from over, with global inventories depleting at a record pace. The IEA's report highlights the ongoing challenges in maintaining stable oil supplies.

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CNBC
The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.
2026-05-13 12:12 UTC
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