Commercial oil reserves in the US over the past week increased by 15.022 million barrels and amounted to 518.64 million barrels on April 17, according to the US Department of Energy.
- Moreover - tankers gathered off the coast of California. The volume of oil stored in tankers reached 20 million barrels. They have nowhere to go due to falling demand for raw materials.
- Gas prices in Europe continue to fall, updating the lows every day.
- Due to low oil prices, shale oil production in the USA by the end of the year will decrease to 10.1 million from 12.8 million bps at the beginning of the year, and in 2021-2022. reduced to 8.5 million b/s.
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- Moreover - tankers gathered off the coast of California. The volume of oil stored in tankers reached 20 million barrels. They have nowhere to go due to falling demand for raw materials.
- Gas prices in Europe continue to fall, updating the lows every day.
- Due to low oil prices, shale oil production in the USA by the end of the year will decrease to 10.1 million from 12.8 million bps at the beginning of the year, and in 2021-2022. reduced to 8.5 million b/s.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #oil