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Foreign media survey: the inventory of crude oil depots in the United States will be reduced by 800000 barrels in the week of August 19

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foreign media survey: the inventory of crude oil depots in the United States will be reduced by 800000 barrels in the week of August 19

August 23, 2016

[China paint information] according to the survey results released by foreign media on Monday (August 22), the inventory of crude oil and gasoline in the United States last week will decline, while the inventory of refined oil depots will increase

according to the average expectation of the six analysts interviewed, U.S. crude oil inventory is expected to decrease by 800000 barrels, gasoline inventory will also decrease by 800000 barrels, and refined oil depot inventory will increase by 200000 barrels as of August 19

in addition, the refinery utilization rate is expected to decline by 0.4% to 93.1% in the week of August 19

according to EIA data, U.S. crude oil inventories decreased by 2.508 million barrels in the week ended August 12, and the market is expected to increase by 522000 barrels from Latin America to the Asia Pacific. The US EIA crude oil inventory ended its growth trend for three consecutive weeks and recorded the largest decline since the week of July 8. Gasoline inventories in the United States decreased by 2.724 million barrels last week, with market estimates of a decrease of 1.638 million barrels, the largest decline in four weeks. Meanwhile, Cushing's inventory decreased by 724000 barrels, the largest decline in two weeks. However, last week, the domestic crude oil production in the United States increased by 152000 barrels to 85, providing 97000 barrels/day severance payment for the remaining employees, but it remained below the 9million barrels/day mark for 19 consecutive weeks. In addition, U.S. refined oil inventories increased by 1.939 million barrels, with a market estimate of a decrease of 742000 barrels, making the world's largest increase in innovative technology equipment made in China in nine weeks

the American Petroleum Institute (API) will release crude oil inventory data at 04:30 Beijing time on Wednesday (August 24), and then the EIA will release the official inventory report at 22:30 that day

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