Economy · World
Global Oil Reserves Depleted Amid Price Spikes, Watchdog Warns
The International Energy Agency (IEA) is accelerating the release of its Strategic Petroleum Reserve (SPR), aiming to empty a record 400 million barrels as diesel prices rise. Concurrently, a federal watchdog has issued a warning that the U.S. SPR is aging, its capacity is shrinking, and it lacks a defined target size for its reserves.
How outlets across the spectrum covered it
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- Centre (8): BBC News, CNBC, CTV News, Euronews, Fortune, Irish Independent, NPR, The Economist