the reconstitution of strategic oil reserves not before the end of 2023

Replenishment of US Strategic Petroleum Reserves (SPR) will not start “most likely” not before the end of the next fiscal year, i.e. the end of September 2023, the Department of Energy (DOE) told AFP on Thursday, September 15. This communication came after the publication of information from the Bloomberg agency, according to which the American … Read more

sharper than expected drop in oil inventories (-3.3 million barrels)

Commercial crude oil reserves fell significantly more than expected last week, according to figures released Wednesday by the US Energy Information Agency (EIA). During the week ended August 26, commercial inventories contracted by 3.3 million barrels, the same as the previous week, while analysts expected a drop of only 950,000 barrels. At 418.3 million barrels, … Read more

sharp decline in oil inventories, but demand for gasoline falls

Commercial crude oil reserves fell more than expected last week, according to figures released Wednesday by the US Energy Information Agency (EIA), while gasoline demand also fell to United States. During the week ended August 19, commercial inventories fell by 3.3 million barrels, while analysts expected a decline of 2.5 million. Strategic oil reserves have … Read more