-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Crude oil reserves in developed countries hit record highs in July, suggesting demand has weakened
due to economic damage caused by the coronavirus, the International Energy Agency said on Tuesday.
The Paris-based IEA said in its monthly report on Tuesday: "Inventories fell in June, ending three consecutive months of significant month-over-month growth and arguing that this began a period of gradual destocking
.
" In fact, instead of this, construction in July brought OECD industrial inventories back to a record level of 3.
225 billion barrels
.
”
The IEA lowered its forecast for global implied inventories in the second half of 2020 by nearly 1 million b/d to 3.
4 million b/d
due to increased global production and lower-than-expected demand.
Data from early August showed a decline in industrial crude inventories in certain major markets (the US, Europe and Japan), while floating storage crude fell sharply by 59.
9 million barrels to 168.
4 million barrels
.
However, it warned: "Early reports suggest inventories may rise
in September.
" ”
Crude oil reserves in developed countries hit record highs in July, suggesting demand has weakened
due to economic damage caused by the coronavirus, the International Energy Agency said on Tuesday.
The Paris-based IEA said in its monthly report on Tuesday: "Inventories fell in June, ending three consecutive months of significant month-over-month growth and arguing that this began a period of gradual destocking
.
" In fact, instead of this, construction in July brought OECD industrial inventories back to a record level of 3.
225 billion barrels
.
”
The IEA lowered its forecast for global implied inventories in the second half of 2020 by nearly 1 million b/d to 3.
4 million b/d
due to increased global production and lower-than-expected demand.
Data from early August showed a decline in industrial crude inventories in certain major markets (the US, Europe and Japan), while floating storage crude fell sharply by 59.
9 million barrels to 168.
4 million barrels
.
However, it warned: "Early reports suggest inventories may rise
in September.
" ”
