Pump price up, but overall 2016 showed a big drop
CAMARILLO, Calif. -- The U.S. average retail price of regular-grade gasoline rose 5.83 cents per gallon (CPG) during the past two weeks to $2.2580, according to the most recent Lundberg Survey of approximately 2,500 U.S. gas stations. It came in large part from the oil market’s response to the...
The demand math adds up for higher crude prices, regardless of OPEC’s moves: Petrowski
FRAMINGHAM, Mass. -- World petroleum consumption is now above 98 million barrels per day (bpd), up 5 million bpd from the year prior. The Asia Pacific region leads in consumption, with China at 12 to 14 million bpd, and Japan, India and South Korea ranging from 9 to 12 million bpd. Despite the...
DeHaan on why this remarkable growth could signal market movements
BOSTON -- As winter arrives in the United States and overall demand declines, refined products have been moving out at a rapid pace. The seasonal rise in exports is fairly normal as refiners resist selling too much fuel in a saturated domestic market, but the trend has been building over time...
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