In an alarming discovery, the Michigan Department of Natural Resources (DNR) confirmed that three red fox pups from three separate dens in Lapeer, Macomb, and St. Clair counties— from April 1 to 14—died from complications associated with bird flu. This is Michigan’s first confirmation of the highly pathogenic avian flu (HPAI), in wild mammals.
Crude oil inventories are down to a dangerously low point across Europe, North America, and OECD Asia just as OPEC spare production capacity has dwindled to the lowest levels since April 2020.
That’s according to a new BofA Global Research report, which was sent to Rigzone on Monday. The report also highlighted that petroleum product inventories have fallen to “precarious levels” for middle distillates and gasoline “as the market heads into the peak of the U.S. driving season”.
“As a result, refined petroleum cracks have recently spiked to record levels, contributing to boost volatility across the oil complex,” the BofA Global Research report stated.
“Most worryingly, strategic oil barrels held by OECD governments are already low and set to decline steeply going forward, leaving consumers exposed to any future negative supply shock,” the report added.