A sharp increase in Covid-19 cases has resulted in a surprise hike in US stockpiles
Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN
US crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, the Energy Information Administration said on Wednesday, as a sharp rise in coronavirus cases has started to hit US consumption. “Normally inventories of fuel would be heavily drawn upon, but the surge in Covid-19 case numbers has stymied the recovery,” ANZ said, referring to usual demand during the peak US summer driving season.
The US reported more than 1,000 deaths from Covid-19 on Tuesday, according to a Reuters tally, marking the first time since June 10 the nation has surpassed that grim milestone, as California closed in on passing New York in total infections.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: Minister Nxesi hospitalised after testing positive for Covid-19Employment and Labour Minister Thulas Nxesi was hospitalised on Monday evening due to Covid-19 symptoms, Minister in the Presidency Jackson Mthembu announced on Tuesday.
Read more »
Credo Mutwa left us with the tools to fight Covid-19 - Wally Serote“At the eve of the entry of the Covid-19 pandemic, Credo Mutwa passed. It is not a coincidence that he did so. I think it was a moment of reckoning, especially for indigenous leaders of our country,” said Serote.
Read more »
Joburg couple celebrates their love despite Covid-19 diagnosis and quarantineA Joburg couple have proved that love during the coronavirus pandemic is still possible after a coronavirus survivor’s girlfriend found safe ways to celebrate their anniversary while her partner was in quarantine.
Read more »
WATCH: The banks that will survive Covid-19Denker Capital’s Kokkie Kooyman talks to Business Day TV about the banking industry
Read more »
Cape Malay Choir board president Shafiek April dies of Covid-19 complicationsLong serving Cape Malay Choir board president Shafiek April has succumbed to Covid-19 complications.
Read more »
UIF COVID-19 employee relief scheme extendedThe payouts will continue until 15 August in line with the risk-adjusted strategy to manage the spread of COVID-19.
Read more »