Business

Strategic Petroleum Reserve Hits Low as Oil Inventories Wane

Updated 2026-06-15 21:55 UTC 1 source Negative

The Strategic Petroleum Reserve has reached its lowest level since 1983, prompting warnings from oil executives about global inventory depletion. The Iran deal is seen as crucial to stabilizing supply amid ongoing disruptions.

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CNBC
Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
2026-06-15 21:13 UTC
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