US oil reserves increase by 1,3 mln. barrels

US oil reserves increase by 1,3 mln. barrels
  • Clock-gray 13:29
  • calendar-gray 26 February 2020

According to the finals of the last week (February 17-21), based on the calculations of American Petroleum Institute (API) oil reserves of the US have increased, APA-Economics reports citing the forecasts of API.

US oil reserves increasing by 1,3 mln. barrels amounted to 444,4 mln. barrels.

Note that US oil reserves were expected to increase by 2 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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