"Global stockpiles" refers to the collection or accumulation of resources, goods, or supplies on a worldwide scale. It implies that these stockpiles are present or available across various countries or regions around the world. Full definition
* Weak dollar and technical short - covering lifting wheat futures but gains limited by abundant global stockpile of wheat. (tradersnetwork.com)
That directly undermines the efforts of producers led by OPEC and Russia, the world's biggest oil producer, to cut supply in order to reduce global stockpiles. (cnbc.com)
OPEC, along with Russia and several other producer nations, is keeping 1.8 million barrels a day off the market through the end of the year in order to shrink global stockpiles of oil. (cnbc.com)