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COVID-19 - News digest as of 01.10.2021

October 01/2021

1. US crude, fuel inventories rise as production rebounded from recent storms

MOSCOW (MRC) -- US crude oil, gasoline and distillate inventories rose last week as the production rebounded from recent storms, reported Reuters with reference to the US Energy Information Administration's statement. Crude inventories rose by 4.6 MMb in the week to Sept. 24 to 418.5 MMb, EIA data showed, compared with analysts' expectations in a Reuters poll for a 1.7 MMb drop. The rebound came as US crude output jumped by 500,000 bpd to 11.1 MMbpd, a level consistent with activity before Hurricane Ida slammed into the US Gulf Coast about a month ago. Analysts consider weekly production data less reliable than monthly figures, which are released on a lagging basis.
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, COVID-19, USA.
Category:General News
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