International Energy Agency (IEA) data reveals that oil reserves across OECD countries reached their lowest levels since 1990 in May. This significant decline raises concerns about global oil supply and potential market instability. The IEA report indicates a substantial drawdown in stockpiles, without specifying exact volumes. This decrease comes amid ongoing geopolitical tensions and fluctuating demand as economies recover from the pandemic. Industry analysts suggest the low reserves could exacerbate price volatility if unexpected supply disruptions occur. The situation is being closely monitored by energy markets and governments worldwide, prompting discussions about potential strategies to bolster energy security. Further declines in reserves could impact consumers through higher energy costs.