API: Oil reserves of US continue to increase

API: Oil reserves of US continue to increase
  • Clock-gray 09:38
  • calendar-gray 04 March 2020

According to the results of the last week (February 24-28) oil reserves of the US have increased, according to the calculations of American Petroleum Institute (API), APA-Economics reports citing the forecasts of API.

Oil reserves of the USA have increased by 1,69 mln. barrels and made up 446,6 mln barrels.

Note that oil reserves of the USA have been expected to increase 2,6 mln. barrels.

 

Remind that the data on the US oil reserves significantly impact the price of the “black gold” on the world market.

Emil Ismayilov

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