The world has nearly burned through its oil stockpile buffer. This was reported by Qazaqyia.kz citing Reuters.
According to Reuters, industry executives say oil stockpiles have declined significantly. This situation poses a threat to stability in the global market.
The oil stockpile buffer is a crucial resource that allows responding to sudden market changes. Its depletion could lead to sharp price fluctuations.
According to experts, the decline in stockpiles also affects global energy security. This issue is drawing the attention of countries worldwide.