BUSINESSglobal
Oil inventories seen falling to record lows in April amid Hormuz disruptions
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Updated 3 hours ago
First seen March 17, 2026 21:32:53Stay on top of this story
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Quick Summary
Global oil inventories could hit unprecedented lows within weeks if the Strait of Hormuz remains effectively closed, according to UBS. Economist Arend Kapteyn warned in a note on Tuesday that the current pace of drawdowns points to “all-time low levels by the end of April,” raising the risk of a severe supply squeeze and a ...