‘This Is Bad’: Europe's Oil Shock Could Begin in Weeks as Inventories Vanish Global oil stockpiles are plummeting, and strategists now warn that physical shortages could slam into Europe as soon as this month. Here’s what’s happening and why it matters for you. “This is bad.” Those three words, spoken with a gravity that cuts through the noise of financial news, come from Jeff Currie, a veteran strategist at Abaxx Commodity Exchange. He’s not alone. A growing chorus of top analysts is sounding a dire alarm: global oil inventories are disappearing at a breathtaking pace, and Europe may face a physical shortage of fuel within weeks, not months. Think about that for a second. Not "higher prices." Not "market volatility." An actual, physical shortage. The kind where the question stops being “how much does it cost?” and becomes “can I even get it?” This isn't a distant nightmare scenario. The International Energy Agency (IEA) has confirmed that global stockpile...
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