Event Brief
IEA: World oil reserves draining at record pace
Filed: May 13, 2026 at 4:07 PM ET
Summary: The IEA said global oil reserves fell sharply in April and March, marking the fastest inventory drawdown on record.
WHO: International Energy Agency (IEA)
WHAT: IEA reported record-fast inventory drawdown in global oil reserves
WHEN: May 13, 2026 at 1:34 PM ET
WHERE: Location not specified
WHY: No specific cause was reported.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 13 earlier reports
🔍 37 sources analyzed
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