The United States crude oil and distillate inventories rose sharply and unexpectedly while the demand took a toll for the week ended 17 July 2020- EIA. The U.S. commercial crude oil inventory climbed by 4.9 million barrels to reach 536.6 million barrels for the same period. Likewise, distillate stockpiles surged by 1.1 million barrels to reached 177.9 million barrels for the week ended 17 July 2020, representing the highest level since December 1982.

As per Stats NZ, about two-thirds of the country’s regions recorded a decline in their total greenhouse gas emissions, while 1/3rd of regions saw rises between 2007 and 2018. The reduction in some regions was offset by increased emissions in other regions. Overall, this resulted in a reduction of just over one per cent in New Zealand’s total greenhouse gas emissions between 2007 and 2018. Between 2007 and 2018: The largest falls in emissions were in Auckland, down 955-kilo tonnes; The largest increase was in Canterbury, up 1,175-kilo tonnes.

As per the Stats NZ, Auckland, the number one economic hub of New Zealand was the third-highest emitter of greenhouse gases in 2018. Canterbury, third highest in economic activity was the second-highest emissions contributor on the list for 2018. Wellington remains on the ninth-highest position in greenhouse emissions even when it is the second highest on economic activity front. Environmental-economic accounts manager Stephen Oakley said it shows that the higher economic activity doesn't directly mean more emissions.




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