The International Energy Agency this morning released its April report on the global oil market. The short version of the story is that global consumption of oil is expected to ... Read Full Story »
In the May version of OPEC’s monthly Oil Market Report, the cartel keeps its previously forecast global demand total for 2012 at just under 89 million barrels/day. Demand is growing ... Read Full Story »
The price of a barrel of WTI crude oil reached $88.63 early today, a level it has not reached in more than two years. The price has dropped a ... Read Full Story »