{
    "success": true,
    "data": {
        "id": 1740668,
        "msgid": "iea-global-oil-reserves-continue-to-deplete-due-to-middle-east-conflict-1778824505",
        "date": "2026-05-15 12:01:43",
        "title": "IEA: Global Oil Reserves Continue to Deplete Due to Middle East Conflict",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Energy",
        "summary": "The International Energy Agency (IEA) has warned that global oil reserves are depleting at the fastest rate in history, with 4 million barrels per day drawn from stocks in April 2026, amid the ongoing US-Iran war that has severely restricted supplies. The conflict has effectively closed the Strait of Hormuz, halting over 14 million barrels per day of production and leading to cumulative losses exceeding 1 billion barrels. While non-Middle Eastern producers are ramping up output to mitigate the crisis, global supply has fallen to 95.1 million barrels per day, underscoring the vulnerability of international energy markets to geopolitical tensions.",
        "content": "<p>JAKARTA - The International Energy Agency (IEA) has warned that\nglobal oil reserves are experiencing the fastest depletion in history in\nApril 2026. The shrinkage of global oil reserves is occurring alongside\nthe United States\u2019 war with Iran, which continues to pressure world oil\nsupplies. In its Oil Market Report for May 2026, the IEA revealed that\naround 4 million barrels of oil per day were drawn from reserve supplies\nduring April 2026. The Paris-based organisation recorded that monitored\nglobal oil inventories, including oil on tankers, shrank by 250 million\nbarrels during March and April 2026, equivalent to 4 million barrels per\nday. The conflict in the Middle East has effectively made the Strait of\nHormuz nearly closed off. Normally, that route is used by tanker ships\ncarrying about one-fifth of the world\u2019s seaborne crude oil trade.\nAlthough a fragile ceasefire occurred, tanker traffic in the region has\nnot significantly recovered. In the report, the IEA noted that more than\n14 million barrels per day of oil production is now halted due to\nrestrictions on tanker traffic in the Strait of Hormuz. \u201cWith tanker\ntraffic in the Hormuz Strait still limited, the accumulation of supply\nlosses from Gulf producers has exceeded 1 billion barrels, with more\nthan 14 million barrels per day now halted,\u201d the IEA stated. The IEA\nrecorded that world oil supply fell by another 1.8 million barrels per\nday in April 2026, reaching 95.1 million barrels per day. Thus, the\ntotal supply decline since February 2026 amounts to 12.8 million barrels\nper day. Nevertheless, several producers outside the Middle East are\nbeginning to increase production to ease global supply pressures.\n\u201cProducers outside the Middle East are also boosting output and pushing\nexports to record levels in response to the crisis,\u201d the IEA wrote. The\nIEA stated that the projected growth in oil supply from the Americas\nregion has been revised upwards by more than 600,000 barrels per day\nsince the beginning of the year, to an average of 1.5 million barrels\nper day in 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/iea-global-oil-reserves-continue-to-deplete-due-to-middle-east-conflict-1778824505",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}