“After nearly a two-year decline, global oil inventories rose by 77 million barrels in April,” the report says.
Commercial stocks at the OECD rose by 42.5 million barrels in April.
The IEA expects an increase in global oil demand in 2022 to 99.4 million barrels per day.
Earlier, the Executive Director of the International Energy Agency (IEA), Fatih Birol, announced the first global energy crisis.