Between June 16 and June 23, the volume of commercial oil reserves in the US decreased by 9.6 million barrels to 453.7 million barrels. In this respect informs The prime ministerial agency, citing the results of the weekly review of the Energy Information Administration of the country’s Ministry of Energy (Ministry of Energy).
Official data on the decline of US commercial oil reserves turned out to be much higher than analysts had anticipated. The article states that the latter expects that figure to decrease by just 1.8 million barrels by the end of the week, instead of 9.6 million.
At the same time, the volume of strategic raw material reserves in the country remains at its lowest level in several years and is now only 348.6 million barrels, down 1.4 million barrels (-0.4%) in 7 days. The indicator was last at a comparable level in mid-August 1983 when it was around 345.7 million, in the material.
14 June Reuters, citing the source reportedHe reported that US authorities will purchase 12 million barrels of oil by the end of this year as part of their strategy to replenish their strategic resource reserves. This is due to the fact that they were exhausted in connection with the sale of raw materials, which the USA was actively engaged in last year.
Previously, analysts at Goldman Sachs, one of the world’s largest investment banks – estimatedHow will oil prices change at the end of 2023?