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Global Oil Supply To Outstrip Demand By Nearly 1 Million Barrels A Day In 2012, IEA Says

By 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.

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By Sumit Roy , http://www.hardassetsinvestor.com
dvoros@hardassetsinvestor.com
January 21st, 2012