Oil Inventories

Oil Bulls Bet US Gasoline Demand Will Support Price

By CNBC

Tankers Leave Oil Refineries As Strike Action Looms

By Sri Jegarajah U.S. crude futures may draw some support this week from signs of improving gasoline demand and a pick-up in U.S. refinery activity, CNBC’s latest survey of market professionals showed — although a record supply overhang may restrain any move higher. Gasoline prices have now increased for 12 weeks in a row, gaining nearly… Keep reading →

 /  Published May 16, 2014 at 2:00 PM

Energy News Roundup: IEA Sees Tight Oil Market, Depleted Inventories

By

Bread and Oil: California's Central Valley

IEA’s latest Monthly Oil Market Report called for Opec to maintain current production levels of around 30 mmb/d amid developed world demand resurgence that has depleted OECD oil inventories by 1.5 mmb/d in the last three months of 2013, the steepest quarterly decline since 1999. “At this time of year, when the global oil market… Keep reading →

 /  Published February 14, 2014 at 8:30 AM