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Commodities Briefing - Categorized | Oil, Price Watch more

2013 EIA Stats Show Oil Price Stability Based On News, Not Supply

Posted on 08 August 2014

Let’s start this analysis with the 2013 figures for the United States (right). In general, the oil export/import status looks better for the US than it has in a long time. Although the US is a major oil producer, it has been an even heavier oil consumer, importing millions of barrels per day of oil from more than 40 countries.
Last year, the US imported 7.7 million bpd of crude oil, according to the Energy Information Administration. This represents an improvement, about 23% less than in 2008, reflecting the early direction of President Obama’s policies and the success of an increased focus on natural gas by oil and gas companies………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37062 posts on Opalesque Commodities Briefing.


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