Global Oil Stockpiles DRAIN by 509 Million Barrels
API reports US crude inventories plunged 11.12M barrels in a week - the biggest draw yet - as global stockpiles drain by 509 million barrels and the SPR nears…
Kingdom Exploration · Market Intelligence
Daily analysis of the forces moving crude — supply, geopolitics, and the numbers behind the headlines.
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API reports US crude inventories plunged 11.12M barrels in a week - the biggest draw yet - as global stockpiles drain by 509 million barrels and the SPR nears…
IEA slashed 1.4M bpd from its 2026 supply outlook AND cut demand in the same report. Brent hit $107.63 on headlines that buried half the story…
EIA, IEA, and OPEC show irreconcilable oil balances in August 2026. U.S. distillate stocks near 23-year lows expose which agency's numbers don't add up…
IEA now sees a record 1.8-million-bpd quarterly oil deficit as Hormuz stays disrupted, slashing 2026 supply to 102.02M bpd and draining global inventories…
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