Petróleo Estados Unidos – Estoques do país crescem abaixo das expectativas

U.S. Oil – Country’s Stocks Rise Below Expectations

Written by Roberta Souza

Published on 27/02/2020 at 09:02

petróleo, estados unidos, estoques

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According to data released by the United States, the inventories of oil in the country grew less than expected

According to the U.S. Energy Information Administration, the oil inventories in the North American country grew less than the entire world expected. The epidemic caused by the new coronavirus is still the predominant factor in determining prices, considering that China reduced its acceptance of cargoes of commodity.

Several oil tankers, fully loaded with crude oil, are still waiting for a spot to unload. Positioned in Asian ports, the ships need to await and hope for a decongestion.

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Another factor impacting the international oil market is associated with the government of Libya. Recognized by the United Nations, the government withdrew from peace negotiations with a rebel faction led by Khalifa Haftar, causing the interruption of oil production from the largest exporter in Africa due to the worsening of a civil war that has already lasted for a decade.

The National Oil Corporation of Libya reported that the country’s production fell to 1,200 barrels per day, down from 1.1 million bpd produced pre-crisis.

In the United States, oil inventories grew by 414,000 barrels in the last week, very different from the 2.5 million barrels that were expected. Gasoline inventories also alarmed, with a decrease of about 2 million barrels, versus 435,000 barrels expected. Distillates fell by 636,000 barrels, versus the expectation of 1.46 million barrels.

Additionally, in the country, gasoline consumption was five times higher than expected, and oil exports were around 600,000 barrels per day.

U.S. Oil – Country’s Stocks Rise Below Expectations

According to data released by the United States, the inventories of oil in the country grew less than expected

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U.S. Oil – Country’s Stocks Rise Below Expectations

According to data released by the United States, the inventories of oil in the country grew less than expected

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