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The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

Source: nypost.com

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
The world has nearly burned through its oil stockpile buffer, executives say: ‘System is already straining'

Governments and energy companies have drawn oil from stockpiles to ease pressure on the global oil market amid unprecedented supply disruptions this year. The article attributes the disruptions to wars in the Middle East and Ukraine but gives no figures on stockpile withdrawals or market effects.

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