IEA warns of global oil inventory decline due to renewed Iran conflict
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International Energy Agency (IEA)
Global
August 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/12/2026, 10:40:55 AM
Global oil inventories are expected to fall at twice the previously estimated rate. Renewed hostilities involving Iran are disrupting production and maritime logistics. The IEA projects a 1.8 million barrel per day shortfall in oil markets.
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