American Petroleum Institute/global fuel prices: shocking, Morocco and the global drop in oil prices


The Moroccan situation contrasts sharply with global trends. Recent international reports indicate a decline in oil trading due to investor concerns over the continued tight policy of the US Federal Reserve and the risks of a decline in US demand.

Brent futures prices for July delivery fell 0.76% to $82.25 per barrel, while US WTI futures fell 0.84% ​​to $78 per barrel. .

According to the American Petroleum Institute, U.S. crude oil inventories decreased by 2.48 million barrels in the week ending May 17, while gasoline inventories increased by 2.09 million barrels, indicating a decline in fuel demand in the world’s largest economy.

This gap between world prices and those practiced in Morocco gives rise to numerous criticisms. Oil companies in Morocco have been frequently criticized in recent years for the high prices they charge consumers.

The current situation only accentuates these criticisms, with Moroccan consumers feeling more and more wronged compared to their global counterparts.

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