US oil reserves decrease again - FORECAST

US oil reserves decrease again - FORECAST
  • Clock-gray 09:55
  • calendar-gray 03 June 2020

According to the calculations of the American Petroleum Institute (API) and to the finals of the last week (May 25-29), oil reserves of the US decreasing by 0.48 mln barrels amounted to 531 mln barrels, APA-Economics reports citing the forecasts of API.

Note that US oil reserves were expected to increase by 3 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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