Commercial oil reserves in the United States (excluding strategic reserves) increased by 10.2 million barrels (2.5%) to 424.2 million barrels in the week before October 6. RIA News.
This appears to be the largest increase since February of this year, according to a weekly review by the country’s Energy Information Administration of the Ministry of Energy.
According to analysts surveyed by the DailyFX portal, an increase in reserves of only 0.5 million barrels is expected.
In February of this year, the increase in commercial oil reserves was 16.3 million barrels.
At the same time, gasoline inventories in the United States decreased by 1.3 million barrels (0.6%) to 225.7 million barrels. Analysts were expecting a decrease of 0.8 million barrels.
Global oil demand will be 2.4 million barrels per day in 2023 and 2.2 million barrels per day in 2024. This comes from the October report from the Organization of Petroleum Exporting Countries. Analysts and energy experts interviewed by Gazeta also noted that opportunities to increase fuel production volumes in the world are very limited due to lack of investment, which leads to a shortage of oil on the world market and causes oil prices to rise. .Ru. According to them, there will be a recession in the gas market and there will be no serious price increases. How much will oil and natural gas cost in October, how will it affect Russia? In the material “socialbites.ca”.
Previously recognizedHow long will oil remain the world’s main energy source?