Higher oil price and production forecast in the US

Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration

IEA lowers oil demand growth forecast

Oil demand across the globe will rise less than previously thought, according to the International Energy Agency (IEA). In its latest Oil Market Report, the IEA trimmed its projection for growth in global demand to one million barrels a day (b/d) – down 180,000 b/d. It cited lower-than-expected deliveries in the second quarter and a […]

The Market Report – 19th July 2011

The Market Report – 19th July 2011 provided by npower