FILE PHOTO: The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. REUTERS/Alexey Malgavko
With 16 U.S. states reporting record increases in new COVID-19 case in the first five days of July, according to a Reuters tally, there is mounting concern that public health measures to limit the virus spread will curb fuel demand in the world’s biggest oil consuming country. As for supplies, the Organization of the Petroleum Exporting Countries and other producers including Russia, collectively known as OPEC+, are lowering output by 9.7 million barrels per day for a third month in July.
Im sad theres more cases but I'm not sad gas is going to be cheaper again.
Moon🇮🇳
Is this drop going to be reflected at the pumps then? I think not somehow!
Good.
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