April 21, 2015 Source: U.S. Energy Information Administration, )Note: Product supplied is used as a proxy for consumption. In its recently released (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores […]
Tag Archives: Reduces
By Nesbert Ruwo Brent crude, the international benchmark for oil, now trading in the US$ 80 per barrel zone, its lowest levels since October 2010, is now in a bear market territory. The price has fallen over 35% since June 2014 on weak economic data from Europe and China, oversupply and a stronger US dollar. […]
