Global Oil Reserves Fall By 400Mln Barrels in 2026, Will Continue to Decline - DOE

NAMPA / Sputnik

2026-09-09

WASHINGTON, September 9 (RIA Novosti) - The US Energy Department (DOE) has estimated that global oil reserves had decreased by 400 million barrels in 2026 and will continue to decline until the end of the year, the department's Energy Information Administration (EIA) monthly short-term forecast showed on Wednesday. "Prices remain elevated in response to falling global oil inventories, which we estimate have decreased by 400 million barrels so far......

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