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Oil Futures Prices Decline two weeks, U.S. Supplies Gained 3.9 million Barrels

Oil futures were little changed after declining the most in two weeks yesterday. U.S. supplies gained 3.9 million barrels last week, Energy Department data showed. The median forecast in a Bloomberg News survey of analysts was for an increase of 1.8 million barrels. Prices also dropped after Iraq’s deputy prime minister for energy said the [...]

Thursday, April 19th, 2012

Tags: , , , , Oil

API Data show Gasoline Supply Rise 4.31 mb include Diesel and Heating Oil

Gasoline supplies rose 4.31 million barrels, the API data showed. They are projected to increase 2.35 million barrels in the government report, according to the survey. Distillate inventories, a category that includes diesel and heating oil, fell 900,000 barrels compared with an estimate for a 1.38 million barrel gain. The API collects stockpile information on [...]

Thursday, January 19th, 2012

Tags: , , , , Gas

Crude oil Consumption 2012 Increase 1.3 mbpd in 2013 1.5 mbpd

Global crude Oil consumption 2012 will increase by 1.3 mbpd followed by 1.5 mbpd in 2013. Oil consumption by the United States, the world’s largest consumer, is expected to avearge 18.96 mbpd in 2012 and 19.01 mbpd in 2013. These figures are higher than the 2011 consumption of 18.87 mbpd Most of the demand growth [...]

Tuesday, January 17th, 2012

Tags: , , , Crude Oil