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This surplus crude provides some relief, with OPEC's spare production buffer stretched thin as Saudi Arabia - which holds the lion's share of excess capacity - and its Gulf neighbours pump at near record rates, the shock absorber provided by oil stocks is no longer restricted to just crude. As refineries ran flat out to meet soaring demand for gasoline in top consumers the United States and China, distillate inventories ballooned as a consequence.

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Reuters 8 years ago

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    "The IEA Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 3 May 2024. <https://www.quotes.net/citizen-quote/142152>.

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