White House briefs on 180 million bbl oil release
U.S./IEA oil releases have had limited impact
Sri Lanka runs out of currency to buy fuel
U.K. horticulture hit by surging gas prices
Germany’s industrial base hit by energy crisis
India’s power generation shortages worsen
Euronav tanker firm suspends Russian business
U.S. hydro output hit by western drought
White House struggles to balance goals ($WSJ)
U.S. PETROLEUM stocks outside the strategic petroleum reserve rose by +2 million bbl to 1,139 million bbl last week. But inventories are -107 million bbl (-9%) below the pre-pandemic five-year seasonal average. Stocks have declined in 65 of the last 91 weeks by a total of -323 million bbl since the start of July 2020:
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