Key Facts —The headline: The International Energy Agency reported on May 13 that global oil reserves fell by 117 million barrels in April, on top of a 129 million-barrel drop in March, marking the fastest pace of inventory drawdown in the agency’s reporting history. —The supply collapse: Global oil supply fell by 1.8 million barrels […] The post IEA Says World Oil Reserves Draining at “Record Pace” on Iran War appeared first on The Rio Times.