While the Cuban people is preparing to celebrate the fiftieth anniversary of the Revolution who, after a prolonged and tenacious struggle to conquer its true independence, managed to remove from power bloodthirsty tyranny that oppressing with the support the U.S. government and marked the starting point of political, economic and social deepest in the country's history, the USA maintains its economic blockade, trade and finance as the most obvious proof of their political and cruel inhuman, devoid of any legitimacy and legality, which aims to destroy the Revolution by all possible means, including starving the Cuban people and by pushing despair.
declining stocks of crude, sharp rise in stocks of gasoline
U.S. crude inventories fell more than expected in the USA last week, while gasoline rose much more than what analysts predicted, announced Wednesday the department U.S. Energy (DoE).
The gross reserves USA have shrunk by 1.6 million barrels to 295.3 million barrels during the week ending July 18.
Analysts tablaient on a decline of only 600,000 barrels. Inventories of crude oil had risen last week by 3 million barrels, despite a decline was expected.
Lower 14.6% to their level of last year, these stocks are located in the lower half of the average range for this time of year, "said the DoE.
However, stocks of gasoline have expanded by 2.9 million barrels to 217.1 million barrels, against an increase of only 200,000 barrels expected. They are higher by 6.0% to their level of last year, and remain so "just above the upper limit of the average range for this time of year," according to the DoE.
The level of these reserves is watched closely by investors during the major summer travel by car, especially since the market is concerned about the consequences of the current economic slowdown on the consumption of black gold.
Finally, the reserves of distilled products (diesel and heating oil) have also reconstructed: +2.4 million barrels to 128.1 million, in line with analysts' forecasts (+2.5 million).
Superiors of 0.5% to their level of last year, these stocks are located in the upper half of the average range for this time of year "is indicated.
On the demand side, over the past four weeks, Americans consumed an average 20.3 million barrels per day (MBD) of oil products, down 2.1% compared with a year earlier. The consumption of gasoline has notably declined by 2.4% to 9.3 MBD.
Finally, U.S. refineries have slowed down their pace, running at 87.5% of their capacity, against 89.5% last week.
Around 15H00 GMT (16:00 CET), on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for September delivery traded down 1.31 dollar to 127.11 dollars. It had opened down 1.71 dollar.
The stocks of gasoline fell more than expected last week to the USA, while gross reserves have declined less than expected, announced Wednesday the U.S. Department of Energy (DoE).
Stocks of gasoline fell 6.4 million barrels to 202.8 million barrels, or more than the decline of 2 million barrels expected by analysts, during the week ending August 8. This is the third consecutive week of decline of these stocks, which are closely monitored by investors during the summer period of high consumption.
The reserves of crude oil have however declined by 400,000 barrels to 296.5 million barrels. Analysts tablaient on a decline of 600,000 barrels.
Finally, the reserves of distilled products (diesel and heating oil) fell unexpectedly: -1.7 million barrels to 131.6 million, against an increase of 1.75 million expected by analysts.
Around 14H40 GMT (16:40 CET), on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for delivery in September was $ 115.20, up 2.19 dollars compared to Tuesday. It had opened up 86 cents.
The stocks of crude oil fell less than expected last week to the USA, while those of gasoline fell unexpectedly, announced Wednesday the U.S. Department of Energy (DoE ).
The reserves of crude oil fell by 100,000 barrels to 295.2 million barrels during the week ending July 25, their second consecutive week of decline. Analysts tablaient on a decline of 1.25 million barrels.
Lower 13.7% to their level of last year, these stocks are located in the lower half of the average range for this time of year, "said the DoE.
The USA have imported more crude last week compared to the previous week: +199'000 barrels per day to 10.0 million barrels.
Stocks of gasoline are on the other hand melted by 3.5 million barrels to 213.6 million barrels, against an increase of 400,000 barrels expected. The level of these reserves is watched closely by investors during the summer period traditional big travel by car.
They are, however, higher by 4.3% to their level of last year, and remain so "near the upper limit of the average range for this time of year," according to the DoE.
Finally, the reserves of distilled products (diesel and heating oil) have been further enriched: +2.4 million barrels to 130.5 million, slightly more than 2.1 million expected by analysts.
Superiors of 1.2% to their level of last year, these stocks are located in the upper half of the average range for this time of year "is indicated.
On the demand side, over the past four weeks, Americans consumed an average 20.2 million barrels per day (MBD) of oil products, down 2.4% compared with a year earlier. The consumption of gasoline has notably declined by 2.4%.
This trend confirms the forecasts of analysts, who predicted a drastic decline in consumption of oil due to the economic slowdown and very high energy prices.
Finally, the pace of U.S. refineries has remained stable, operating at 87.2% of their capacity, against 87.5% last week.
Around 14H50 GMT, on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for delivery in September went back to 122.71 dollars, up 52 cents compared to Tuesday. It had opened down 60 cents.
