Global Oil Reserves Are Shrinking Fast
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 18 May 2026
⏱️ 14 minutes
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| 0:00.0 | I think the potential of Agenic is to rethink how work gets done overall. |
| 0:05.0 | It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand. |
| 0:11.3 | That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI. |
| 0:17.9 | Join him later to learn why agents are a game changer for businesses across industries. |
| 0:25.7 | Commuters in New York face a day of chaos as the strike shutting to Long Island Railroad goes into a third day. |
| 0:31.9 | Plus, the U.S. and China agreed to launch boards of trade and investment, and while fuel is expensive now, brace |
| 0:38.7 | yourself because global oil inventories are falling at a record pace. |
| 0:43.4 | The highest that oil prices have ever reached, at least for the brand benchmark, was $148 |
| 0:49.2 | barrel. This was in 2008. There are some expectations out there that the Strait of Kermuda remains |
| 0:53.7 | close for |
| 0:54.4 | another few months, this level would be tested. It's Monday, May 18th. I'm Daniel Bach for the |
| 0:59.6 | Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of What's News, |
| 1:04.2 | the top headlines, and business stories moving your world today. A marathon day of negotiations has failed to end the strike on the Long Island Railroad, setting |
| 1:14.6 | the stage for a rough start to the week for commuters. |
| 1:17.8 | Unions and the Metropolitan Transportation Authority, which runs the railroad, negotiated into |
| 1:22.1 | the early hours of this morning, after some prodding from the National Mediation Board |
| 1:26.5 | and New York Governor Kathy |
| 1:28.1 | Hokel. The bottom line is, no one wins in a strike. Everyone is hurt. The hundreds of |
| 1:35.1 | thousands of people who rely on the railroad and the thousands of unionized workers who are |
| 1:40.9 | losing out on wages. The talks went well enough that both sides agreed this morning to |
| 1:45.5 | continue. But as the journal's Alyssa Luckpad explains, that won't save Monday morning's commute |
| 1:50.7 | because of the time needed to get crews and trains in place. About 300,000 passengers |
... |
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