Bank Of Baku

US oil reserves increase -FORECAST

US oil reserves increase -FORECAST
# 09 March 2022 10:00 (UTC +04:00)

According to the finals of the last week, based on the calculations of American Petroleum Institute (API) oil reserves of the US have increased, APA-Economics reports citing the forecasts of API.

US oil reserves increased by 2.811 thousand barrels and amounted to about 416 237 mln. barrels.

Note that US oil reserves were expected to increase by 833,000 thousand barrels.

Remind that the data on the US oil reserves significantly impact the price of the “black gold” on the world market.

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