Oil export rise lowers U.S. reserves
American oil inventories continue to decline as oil exports increase due to disruptions in Middle Eastern supplies. Data showed that Cushing inventory fell to 22.4 million barrels by the end of May, with likelihoods of reaching its lowest operational level, potentially hindering blending and transportation operations. Additionally, the United States' total stockpiles have decreased by approximately 63.9 million barrels since the start of the war, with exports rising to a record high of 5.6 million barrels per day in May.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)