Post Tagged with: "oil consumption"

Source; Reuters

Oil to hit $40 by 2030 if climate goals are met: consultancy

Reuters


LONDON – Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday.

In a …

Source: Reuters

U.S. crude, distillate stockpiles rise unexpectedly -EIA

Reuters


U.S. crude oil and distillate inventories rose unexpectedly and fuel demand slipped last week, the Energy Information Administration said on Wednesday, as a sharp outbreak in coronavirus cases hit U.S. consumption.

U.S. crude production ticked higher and refined products …

U.S. Spent $991 Million per Day on Petroleum Products in 2015

U.S. Spent $991 Million per Day on Petroleum Products in 2015

Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased slightly to 19.72 MMBoepd since peaking in 2007 at 20.94 MMBoepd.

To determine spending …