27.06.2012 - Global oil inventories up in May, June
Global oil inventories rose by an average of 1 million barrels a day in May and June, reflecting easing of tightness in the world oil demand, U.S. government forecasters said Tuesday. The Energy Information Administration, in a report assessing oil market fundamentals in countries outside Iran, said "the global oil market has loosened" since the end-April report. EIA's bimonthly assessments for Congress meet a requirement of legislation imposing stricter sanctions on Iran's oil trade...............................................Full Article: Source
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