EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories
Green Car Congress
NOVEMBER 10, 2021
Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell. In 2019, US crude oil production averaged 12.3 Crude oil inventories reached a recent low of 413.9
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