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US crude oil inventories climbed during the week ended Feb. 19 as severe winter weather across the Southern states pushed refinery demand to 12-year lows, US Energy Information Administration data showed Feb. 24. US commercial crude stocks climbed 1.28 million barrels to 463.04 million barrels last week, EIA data showed, leaving them 0.3% above the . ....
US crude stocks, refinery runs expected lower amid Texas deep freeze US crude oil inventory draws likely extended during the week ended Feb. 19 as severe weather across the southern states shut in production, according to analysts surveyed by S&P Global Platts. Total commercial crude stocks are expected to have declined 4.8 million barrels to around 457 million barrels last week, analysts said Feb. 22, leaving them 1% behind the five-year average of US Energy Information Administration data. The drawdown would mark a fifth week of falling inventories and would open the first deficit to the five-year average since the week ended March 27. The decline was likely predicated in large part on a sharp downturn in US crude production after a winter storm brought Arctic temperatures to Texas, disrupting power grids and freezing equipment. At peak on Feb. 17, around 3.8 million b/d of crude output was shut in by the storm, according to S&P Global Platts Analytics data, with out ....
Advertisement Britain must go into an Asia-style lockdown now with nurseries and places of worship closed, hotels commandeered as isolation centres and masks worn in every public space, experts have warned. Former WHO director Anthony Costello said only a total clampdown would succeed in stopping the mutant strain of coronavirus ripping through the country. Professor of operational research at UCL Christina Pagel added that she thinks the current lockdown restrictions are likely to fail and measures seen in China and Vietnam should be brought in. In Wuhan, where the virus originated, authorities would go door-to-door to monitor people and made sure people with Covid self-isolated. ....
Despite around 90 per cent of the population overwhelmingly sticking to regulations, the streets and public transport remain busy, allowing the virus to spread. ....