Middle East war drains global oil reserves at record pace — 4.8M bpd decline from March 1 to April 25, Morgan Stanley data shows. Goldman Sachs warns reserves near lowest since 2018.
The war in the Middle East is burning global oil reserves at a record pace, Bloomberg reported. According to Morgan Stanley, global oil reserves are decreasing by about 4.8 million barrels per day from March 1 to April 25. At the same time, Goldman Sachs warned that reserves are near the lowest level since 2018.
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