Thread regarding ConocoPhillips layoffs

Inventories are rising once again. 1.5 years ago inventories were at 400 now they are 518 million barrels and climbing!

The EIA reported that inventories in the country increased by 10.37 million barrel last week. By the week's end, data showed that the country had close to 518 million barrel in stock, which would need to be consumed before a rebalancing in the market could be seen.

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