ExxonMobil Warns of Unprecedented Oil Inventory Levels
A senior ExxonMobil executive warned at a conference on May 28, 2026 that global oil inventories are nearing 'unheard of' levels due to ongoing supply disruptions in the Strait of Hormuz. Despite persistent tensions and reduced crude flows since February, oil futures have not fully reflected the severity until now.
Tickers: $XOM
Topics: Hormuz Strait inventory levels oil market supply disruption