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Global Oil Consumption 2015 Rise 105 million barrel per day
Favoritearea.com, global oil consumption will rise to 105 million barrels per day by 2015 on increased economic activity across the globe. The major chunk of this is projected to emanate from developing non-OECD countries and the Middle East, according a new report titled Oil and Gas: A Global Outlook by Global Industry Analysts, Inc. The [...]
Tuesday, February 14th, 2012Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product
Asia fuel oil swaps fell as refiners’ losses from turning crude into residual products widened for the first time in six days. Gasoil’s crack spread, a measure of processing profit, extended a decline. Fuel Oil High-sulfur fuel oil swaps for February dropped $2.25, or 0.4 percent, to $538.50 a metric ton at 11:10 a.m. Singapore [...]
Saturday, January 22nd, 2011Crude Oil Prices Soar as Gasoline Inventories Fall Unexpectedly
Crude oil prices soar to a seven-week high as unexpected declines in supplies of gasoline and distillate fuel as refiners cut operating rates to the lowest level since April. Oil gained 2.2 percent as total petroleum supplies fell the most since March and gasoline demand increased by the largest amount since February. A Chinese purchasing [...]
Thursday, September 30th, 2010