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Economy
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
Global oil inventories approach record lows as Strait of Hormuz remains closed
JPMorgan analysts report that only 800 million barrels of global oil storage remain available before the world's pipeline and tank networks risk failure.
2 min read
Strait of Hormuz closure cuts global oil inventories by 200 million barrels
Tanker traffic through the Strait of Hormuz dropped from 1,500 ships per month to 180 in April, removing 12% of global oil consumption from the market.
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Economy Watch
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Global oil inventories drop to 7.8 billion barrels amid Strait of Hormuz closure
Global oil inventories fell to 7.8 billion barrels in April, leaving only 800 million barrels of available volume before the supply system reaches critical operational limits.
2 min read
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
1 min read
Global oil inventories drop toward critical 800 million barrel floor
The closure of the Strait of Hormuz reduced monthly oil tanker traffic from 1,500 vessels to 180 in April, removing 12% of global oil consumption from the market.
2 min read
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
1 min read
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
1 min read
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
1 min read
Economy Watch
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
1 min read
Global oil inventories drop to 7.8 billion barrels amid Strait of Hormuz closure
JPMorgan warned that global oil stockpiles are approaching critical levels that could stress the physical circulation of the supply chain.
2 min read