Global oil demand picks up but still lags rising supply
Global oil demand picks up but still lags rising supply
Traders work on the floor at the New York Stock Exchange in Manhattan New York City U.S
15 March, 2018, 12:50
Data from China showed falling domestic production between January and February (down 1.9% to 3.77 million bpd), while crude throughput rose 7.3 percent.
Refinery crude runs rose by 432,000 barrels per day, EIA data showed.
Brent crude LCOc1 was last up 27 cents at $64.92 a barrel, off an earlier low of $64.43, while U.S. West Texas Intermediate (WTI) futures CLc1 were up 31 cents at $61.02 a barrel.
The deal has helped boost oil prices, which topped $71 a barrel this year for the first time since 2014 and were near $65 on Wednesday. This week, the API reported a draw of 1.262 million in gasoline stockpiles, largely in line with the 1.176-million-barrel draw that analysts had expected.
"Crude oil prices were dragged up by product prices on the back of significant declines" in fuel inventories, said Andy Lipow, president of Lipow Oil Associates. Diesel futures rose 1.32 cents, or 0.7%, to $1.8871 a gallon.
Dante is here to hunt down some Monsters
With Dante's weapons, however, the shield is no longer present, but players will still be able to guard. The first portion of a Street Fighter V event took place right after Monster Hunter: World released.
Google Assistant Now Available on iPads
More screen real estate simply means that you don't have to exit one app just to hop into Google Assistant . As previously mentioned, Google Assistant for iPad can do everything that it can already do on the iPhone .
"The current healthy momentum in the global economy, together with the efforts undertaken by the OPEC and non-OPEC oil producing countries ... is supporting the rebalancing of the oil market fundamentals", the report said.
The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that oil consumption was expected to grow by 1.62 million barrels per day (bpd) in 2018. The reshuffle has big implications for both Iran as well as USA policy toward crude producer Venezuela, which is positive for prices, RBC chief commodities strategist Helima Croft told Bloomberg. The uptick is expected to be driven by robust demand in industrialized nations, including Europe, the US and Japan, the agency said.
And even with the OPEC report showing a 12 percent increase in oil production in the U.S., the U.S. Energy Information Administration said in its monthly drilling report on Tuesday that total American output has passed 10 million bpd, beating a record set in 1970. But the group said total global oil supply rose last month, in a sign that USA shale production is undermining Saudi efforts to rebalance the market. It has already surpassed top exporter Saudi Arabia, and by 2019 is expected to surpass top producer Russian Federation, which pumps out almost 11 million bpd.
Oil futures for April delivery have slipped below the May contract in recent days, which could be a bearish signal that discourages more investment.
Robertson needed just 277 games to get No. 100, while Magic Johnson accomplished the feat in his 656th game. Dakari Johnson started in his place but played just seven minutes, scoring three points with two rebounds.
After a search of the dorm and area around it, police found no evidence of a shooting, no victim and no gunman, Glew said. Police said they determined the report was not credible and were "prepared to call the incident a hoax".
Disney expects to switch its financial reporting to reflect the new structure by the beginning of fiscal 2019, the company said. A second and still unnamed offering, built around the Disney, Marvel, Lucasfilm and Pixar brands, is expected late next year.
Faugheen was a well-beaten sixth and Mullins is now looking at a step up in distance. "He'll be better next year". Geraghty, who had to miss last year's Festival through injury, was winning the Champion Hurdle for a third time.
Fans at Portland's Hadlock Field will see a significant change in 2018: Runners at second base to start extra innings . For any extra-innings played, each club shall be entitled to one additional non-pitching change mound visit per inning.
It experienced a glitch near the Naval Air Station Key West in the area of Chica Key, Xinhua quoted authorities as saying. Photos on social media showed a rescue helicopter hovering over the supposed site of the crash off Key West.
Traders and investors may be closely watching current stock levels in relation to popular moving averages such as the 200-day MA. Since March 5, 2018, it had 1 insider purchase, and 0 insider sales for $16,830 activity. $123,160 worth of Facebook, Inc.
The Jaguars have transformed into a more run-first type of offense following the emergence of running back Leonard Fournette . Lee's contract is worth $38 million with $18 million guaranteed, according to both the NFL Network and ESPN .
Starting now, you can tell your Google Home to remind you to pick up coffee the next time you're at the grocery store. For an overview of all Actions already available for the Hindi Assistant, you can check out this site .
She says the man called her 'twice a month, ' adding there was 'no exchange of money, ' the DailyBeast reported. "I loved her dearly", her mother said .
Man arrested in Nicaragua for murder of nursing student
According to Artin, Anderson and Tercero would occasionally hook up, but she had recently told him she just wanted to be friends. Her death was officially declared a homicide following an autopsy performed on March 10 at Lourdes Hospital in Binghamton.
Venus rises above sister Serena
Pliskova advances to the quarter-finals where she will face Naomi Osaka of Japan who beat unseeded Maria Sakkari 6-1, 5-7, 6-1. This is the first time the pair have faced off since Serena beat Venus in the finals of the Australian Open in January 2017.
Broadcom leaves Qualcomm takeover lust after Trump block
Estimated at a value of $117 billion, the Broadcom-Qualcomm deal would have been the largest yet in the tech industry. Broadcom unveiled its bid for Qualcomm , based in San Diego, in November, but has consistently been rebuffed.
Former Equifax executive charged with insider trading
An Equifax employee from January 2013 until October 2017, Ying had been the chief executive of the company's U.S. The SEC last month warned companies that executives should not trade on non-public information about breaches.
Sudarsan Pattnaik pays sand art tribute to Stephen Hawking
Luckily, the gaffe lasted only a matter of seconds before switching to Professor Hawking's voice over the show's theme music. How would you like to be Reg behind the counter at the off-licence and find out the kid you used to give swirlies to at St.
Another reason to quit cigarettes on No Smoking Day
E-cigarettes have been marketed as a safer alternative to traditional cigarettes because they produce vapor rather than smoke. On average, smoking from adolescence and young adulthood takes off 10 years off a person's life.
Kirk Cousins arrives to meet with Vikings
Cousins , 29, did not sign a long-term deal with the Redskins and twice played under the franchise-player tag in Washington . The Vikings will reportedly sign Kirk Cousins later this week in a move that was probably the worst-kept secret in the NFL.
Justin Trudeau visiting Hamilton to support steel workers
The prime minister has been touring communities across the country with a major stake in aluminum and steel production. March 23 in the US will come into effect duties on steel imports (25%) and aluminium (10%) by order of the President.