OECD commercial oil inventories draw down only slightly during war
OECD commercial oil inventories have barely declined since the war began, indicating a smaller-than-expected supply deficit. Inventory declines have been concentrated in strategic reserves, oil stored at sea and China.
By DoomRadar · Published on DoomRadar .
Why it matters
Limited commercial inventory depletion may reduce immediate supply pressure but highlights reliance on strategic and less transparent stockpiles.
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- d OECD commercial oil inventories have "barely drawn since the war began," reflecting a smaller-than-expected supply deficit and the concentration of inventory declines in strategic reserves, oil stored on water and China. ↗finance.yahoo.com · Recorded source date: Sep 12, 2026, 2:01 PM UTC
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