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Commodities Briefing - Categorized | Oil, Price Watch more

Global oil supply and demand will drive gas prices in 2013

Posted on 26 February 2013

As the price of oil fluctuates, the price of gasoline prices at the pump will also fluctuate. Given the numerous factors affecting global supply and demand for oil, the price of gasoline should be expected to continue the meaningful volatility observed in 2012.
The Organization of the Petroleum Exporting Countries currently consists of 12 countries. Saudi Arabia, with oil production of approximately 8.8 million barrels per day, is the leading oil-producing country in OPEC. OPEC was initially formed in September 1960 and is currently headquartered in Vienna, Austria………………………………………..Full Article: Source


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