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Main » 2016 » August » 30 » America. Too much oil
America. Too much oil



According to information from the EIA, crude oil inventories rose by 2.5 million barrels to 523.6 million in the week ending August 19 - Materials AMarkets.




This increase in the level of stocks - an event that no one really did not expect. Analysts waited decline by 0.5 million barrels at the end of the summer season, when all active travel by car. At the same time stocks rose, despite the fact that US oil producers squeezed to the maximum production. Excessive supply of petroleum products - gasoline - increased by 232.7 million barrels for the period under review. It is a historical record for the end of August. This is by 8.5% more than last year's inventory.


Schedule - the dynamics of stocks of crude oil and petroleum products to mid-August: 



In the week under consideration the volume of all petroleum products rose by 6.6 million barrels - 0.5%.



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