US oil reserves start to decrease for first time during last 4 months - OFFICIAL

US oil reserves start to decrease for first time during last 4 months  - OFFICIAL
  • Clock-gray 09:50
  • calendar-gray 14 May 2020

US oil reserves have started to decrease for the first time during the last four months of this year, APA-Economics reports citing the report of the Energy Information Administration (EIA) under the Ministry of Energy.

Oil reserves of the US decreasing by 745 thousand barrels amounted to 531,78 mln barrels, 

Note that US oil reserves were expected to increase by nearly 4,15 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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