The world's oil stockpiles are looking a lot lower than...

The world's oil stockpiles are looking a lot lower than expected. All those 'missing barrels' might make prices soar further.

200 million barrels of oil missing? If it turns out that a large proportion of the missing barrels has been consumed already, that’s just going to add fuel to the fire. Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies show. Analysts are lining up to call a $100-crude later this year. If it turns out that a large proportion of the missing barrels has been consumed already