Global Oil Supply To Outstrip Demand By Nearly 1 Million Barrels A Day In 2012, IEA SaysBy Sumit Roy , http://www.hardassetsinvestor.com dvoros@hardassetsinvestor.com January 21st, 2012 Inventories may recover to healthier levels thanks to forecast surge in non-OPEC supply, but is the IEA too optimistic? The Department of Energy reported this morning that in the week ending Jan. 13, U.S. crude oil inventories decreased by 3.4 million barrels, gasoline inventories increased by 3.7 million barrels, distillate inventories increased by 0.4 million barrels, and total petroleum inventories decreased by 2.1 million barrels. Click here to read the entire article. By Sumit Roy , http://www.hardassetsinvestor.com dvoros@hardassetsinvestor.com January 21st, 2012 |
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