In the recent Energy Information Administration petroleum report there is an overview of the recent development in the oil supply coming from West Africa. This region is a very important source of oil supply for the U.S. and accounts for…
Tag: Spot oil price
U.S. oil stockpiles slightly inclined by 555 thousand bbl – August 31st
The recent Energy Information Administration petroleum report analyzes the gasoline consumption in the US and offers an explanations for the decline in gasoline consumption in 2011 compared to 2010; the main reasons include: high gasoline prices driven by high crude…