US oil reserves decrease again - OFFIC IAL

US oil reserves decrease again - OFFIC IAL
  • Clock-gray 09:30
  • calendar-gray 26 November 2020

According to the calculations of the American Petroleum Institute (API) and to the finals of the last week (November 16-20), oil reserves of the US decreasing by 0.75 mln barrels amounted to 488,72 mln barrels, APA-Economics reports citing the forecasts of API.

Note that US oil reserves were expected to increase by 0.127 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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