The Limited Times

Now you can see non-English news...

A sharp drop in US oil stocks


New York, SANA- The US Energy Information Administration announced today that oil and gasoline stocks in the United States

New York-Sana

The US Energy Information Administration announced today that US oil and gasoline inventories fell last week due to a significant drop in crude imports.

According to US Energy Information Administration data reported by Reuters, crude stocks fell by 7.1 million barrels over the past week to 425 million barrels, compared to expectations of analysts included in a Reuters poll for a decrease of 275,000 barrels.

Gasoline stocks fell 4.6 million barrels to 215.7 million barrels, while analysts' expectations in a Reuters poll indicated a decline of 1.1 million barrels.

The data also showed that stocks of distillates, which include diesel and heating oil, rose by 766,000 barrels over the past week to 112.3 million barrels, while it was expected to record an increase of 440 thousand barrels.

The data also indicated that net imports of US crude oil fell by 2.93 million barrels per day last week to 1.13 million barrels, the lowest level ever.

Follow Sana's news on Telegram

Source: sena

All business articles on 2022-08-17

You may like

Business 2022-04-19T19:43:46.930Z
Business 2022-08-17T18:47:38.403Z

Trends 24h

Business 2022-09-27T17:35:26.359Z


© Communities 2019 - Privacy