(EnergyAsia, April 11) — Today’s crude market can be described as schizophrenic, with U.S. inventories rising toward 310 million barrels, but WTI prices continuing to flirt with record highs, and Chinese imports falling by one million b/d in January while refinery runs remained near record highs. According to US energy consultants ESAI, OPEC recently…
MARKETS: ESAI said more production may be needed on smaller decline in seasonal demand
Posted on April 11, 2005 by EnergyAsia