US crude oil reserves increased - FORECAST

US crude oil reserves increased - FORECAST
  • Clock-gray 11:42
  • calendar-gray 05 September 2019

Calculations of American Petroleum Institution show that crude oil reserves of US have increased, according to the weekly report of the last week (August 26-30), APA-Economics reports citing API’s forecast.

The US crude oil reserves increasing 401,1 thousand barrels reached at 429,1 million barrels last week.

It should be noted that US experts has forecasted 2,488 mln barrel decrease in oil reserves.

Note that, information on US oil reserves seriously effect the prices of Azerbaijani crude oil on the world market.


Emil Ismayilov

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