The increasing surpluses of gasoline of the region seem to be likely to exceed the needs of its main importers, the USA and European Union, and could possibly lead to future predicaments for the industry, the region and its populations. Moreover, current and foreseen environmental measures are...
A critically important point to remember is that the post-2005 decline in US petroleum consumption, and the post-2008 increase in US crude oil production, caused our demand for net oil imports to decline, but this had no impact on the global supply of net oil exports. We have seen a mat...
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So, oil demand seems to be out-stripping supply, which gives rise tosupply-constrainedforecasting, which is characterized by the recurring themes ofinherent demandandcarrying capacity. When oil prices are above a country’s carrying capacity, it will tend to struggle. June 25, 2012 at 7:00 am...
It will be interesting to see how the next few years changes the face of the USA. Who knows? if the unemployment rate and lack of jobs keeps going and enough people become homeless, we might become the next Bangladesh, and people will be lining up of the 30 cents an hour corporate fac...
Nov 02Low U.S. gasoline demand is making gasoline less profitable, reducing crack spreads(HellenicShippingNews) Nov 02USA Crude Stocks RiseAndreas Exarheas(RigZone) »» more Gasoline in the archives market reports » The Energy Report ...
include a transportation sector (that uses gasoline as an input of production) between producers and consumers in an otherwise standard DSGE model. In the model, we can distinguish between demand and supply shocks by assuming a given (exogenous) endowment of gasoline, while letting the gasoline pr...
"Options on April crude expire today and there (is) big open interest on calls at $58.50," said Nauman Barakat, senior vice president at Macquarie Futures USA in New York. In London, ICE April Brent crude was down ahead of contract expiration at the session's end. ...
“The rise in refined product inventories more than offsets the crude oil inventory drop, and there was a notable, if not spectacular, drop in implied gasoline demand on the week,” said Kilduff. Refinery crude runs rose by 165,000 bpd, EIA data showed. Refinery utilization rates rose by...
The rising price of oil will push inflation higher and intensify supply chain snarls, USA Today quoted Gregory Daco, chief economist at EY-Parthenon, as saying. The conflict in Ukraine is also pushing up prices of other commodities such as wheat and aluminum that are exported from the region....