Subscribe in a reader The good news for motorists is that gasoline prices are expected to be more affordable in the coming months than they were during the two preceding summers. Read Story
Growing domestic crude oil production has contributed to lower crude oil imports (see This Week in Petroleum, March 20, 2013). At 8.5 million bbl/d, U.S. crude oil gross imports in 2012 were the lowest for any year since 1997. EIA expects that U.S. crude oil production will exceed U.S. crude oil gross imports as early as the end of 2013, the first time this will have occurred since February 1995. Link
On Thursday April 11th, ITZ posted a chart on Twitter highlighting the H&S &/or Bear Flag Twitter Link
West Texas Intermediate crude fell-the International Energy Agency trimmed forecasts for global oil demand. Brent’s premium to WTI shrank to the smallest level in 14 months. LINK
