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COVID-19 - News digest as of 13.07.2021

July 13/2021

1. US petroleum inventories fallen below the pre-pandemic five-year average

MOSCOW (MRC) -- US petroleum inventories have fallen below the pre-pandemic five-year average with consumption accelerating but crude producers slow to respond to rising prices, signalling more supply is needed, reported Reuters. Total stocks of crude and refined products outside the strategic petroleum reserve fell by 10 million barrels last week and are now down by 188 million barrels compared with the same point a year ago. Total stocks have fallen in 38 out of the last 52 weeks as OPEC+ and US shale firms limit crude production even as product consumption recovers.

http://www.mrcplast.com/news-news_open-390287.html


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, COVID-19.
Category:General News
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