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2026-05-27 14:13:34
[Japanese Media: Global Crude Oil Inventories Approaching the "100-Day Warning Line"] A recent article on the Nikkei Asian Review website reported that, according to Goldman Sachs, global crude oil inventories could fall below the level equivalent to 100 days of global demand as early as the end of May. The article summary is as follows: Goldman Sachs calculations show that as of the end of April, global crude oil inventories were equivalent to approximately 101 days of global demand, and are expected to drop to 98 days by the end of May. Of this, "visible inventory," observable through satellite and other means, is estimated to be only 73 days of demand, lower than the 74-day level in 2025 and a new low since relevant statistics began in 2018. Meanwhile, as of the end of May, "invisible inventory," mainly consisting of inventories from non-OECD countries and difficult to observe, is approximately equivalent to 25 days of demand. Against the backdrop of slow supply recovery, the global crude oil market is continuously depleting inventories to fill the gap. Although market expectations for the early reopening of the Strait of Hormuz have increased, in reality, only a few ships can pass through the Strait of Hormuz each day, resulting in a daily loss of over 10 million barrels of global crude oil supply. (Xinhua News Agency)
