U.S. crude oil reserves experienced an unexpected decrease of 600,000 barrels, according to a report released last week by the Energy Information Administration.
This development contradicts the projections of experts in the field, who expected an increase of 500,000 barrels during the period from…
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oil reserves
United States oil reserves recorded a drop of 3.4 mbd
U.S. oil stockpiles experienced a fifth consecutive contraction during the week ending July 26. A drop of 3.4 million barrels was confirmed.
According to analysts, and according to a consensus collected by the Bloomberg agency, the figure…
Venezuela leads the top 10 countries with the largest oil reserves
The world economy depends largely on oil as a strategic energy and economic resource. According to the top ten countries with the largest reserves from the United States Central Intelligence Agency (CIA), Venezuela leads the list, with…
US oil reserves fall about 17 million barrels
The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…