Oil reserves and production shrink in U.S.

Energy
  • 13 October, 2017
  • 06:49
Oil reserves and production shrink in U.S.

Baku. 13 October. REPORT.AZ/ U.S. oil reserves fell by 2.7 mln barrels or 0,6% during the period from September 30 to October 6 and amounted to 462.2 mln. barrels.

Report informs citing the Forexpf.ru Energy Information Administration (EIA) of U.S. Department of Energy informed.

Notably, analysts, who participated in a poll conducted by Reuters, estimated decline by 1.991 mln barrels. Oil reserves in the previous week showed decline by 6 mln barrels.

Thus, oil reserves have been consistently decreased by 8 mln barrels over the past two weeks.

Gasoline reserves in the country during the reporting period shrank 2.49 mln barrels or 1.13% and amounted to 216.5 mln barrels.

Analysts predicted that, gasoline reserves would not change.

Daily oil production in the U.S. decreased by 81 thousand barrels or by 0.85% and made 9.48 mln barrels. Notably, the maximum oil production rate in U.S. in the first week of June 9.61 million barrels / day).

Notably, the maximum level of oil production in U.S. was recorded in the first week of June (9.61 mln bpd). At present, daily oil production in U.S. is just 130,000 barrels or 1.35 % lower.

Oil prices did not change significantly after the published figures and remained below $ 56 / barrel.

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