Key facts
- US oil stocks have experienced the largest historical draws over the last eight weeks.
- US diesel stocks are at their lowest level since 2003.
- Goldman Sachs analyst Daan Struyven highlighted these inventory drawdowns.
Daan Struyven, an analyst at Goldman Sachs, highlighted significant inventory drawdowns in the US energy market. He stated that over the last eight weeks, US oil stocks have experienced the largest historical decreases. Furthermore, Struyven noted that the supply of diesel fuel in the United States has reached its lowest point since 2003. These observations point to a tightening supply situation for key petroleum products.