Episode
Oil Inventories Hit Critical Low
- Published
- Jun 14, 2026
- Duration seconds
- 107
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Summary
Global oil stockpiles are plummeting to historic lows, with executives warning of severe shortages by mid-to-late June, fueled by disruptions in the Strait of Hormuz—a critical oil chokepoint. Despite White House claims to the contrary, data shows U.S. gasoline inventories dropped by over 47 million barrels since February, the steepest decline since 1990, while the Strategic Petroleum Reserve faces its largest-ever weekly withdrawals. With summer driving season looming and demand surging, analysts predict prices could soar to $150–$160 per barrel. The next few weeks will reveal whether supply fears materialize—or if Washington’s optimism about resolving the crisis proves accurate. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/213743a8f25ef0cb