Most of the drop came from oil on water (down more than 50mb), but even on-land inventories fell by around 24mb. The strongly undersupplied oil market in August is the result of solid oil demand and lower supply from Saudi Arabia and the other OPEC+ countries over the recent months. The market...
https://www.hellenicshippingnews.com/crude-oil-the-return-of-financial-investors/