According to data released by the United States, the stocks country's oil prices grew less than expected
According to the US Information and Energy Administration, oil stocks in the US country grew less than the whole world expected. The epidemic caused by the new coronaviruss is still the predominant factor in determining prices, given that China has reduced its receipt of cargo from commodity.
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Several oil tankers, fully loaded with oil in natura, are still waiting for a vacancy for unloading. Positioned in Asian ports, the ships have to wait and hope for a debottling.
Another factor that has impacted the international oil market is associated with the Libyan government. Recognized by the United Nations, the government withdrew from peace talks with a rebel faction led by Khalifa Haftar, causing the interruption of oil production in Africa's largest exporter, due to the worsening of a civil war that has already lasted for a decade.
The National Petroleum Corporation of Libya informed that the country's production fell to 1,2 thousand barrels per day, compared to 1,1 million bpd that were produced in the pre-crisis.
In the United States, oil inventories grew by 414 barrels in the last week, very different from the 2,5 million barrels that were expected. Gasoline inventories were also alarming, with a drop of around 2 million barrels, versus the expected 435 barrels. Distillates fell by 636 barrels, versus the expectation of 1,46 million barrels.
Still, in the country, gasoline consumption was five times higher than expected and oil exports were around 600 barrels per day.
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