Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Oil price rally stalls in data anticipation
by Daniel J. Graeber
New York (UPI) Apr 21, 2015


disclaimer: image is for illustration purposes only

A brief rally in crude oil prices stalled Tuesday, with major indices treading water ahead of the release of key market data later this week.

The price for Brent, the global benchmark, and West Texas Intermediate, the U.S. standard, have been on a steady rise for most of April, increasing more than 10 percent since the start of the month.

Separate reports from the Organization of Exporting Countries and the International Energy Agency last week estimated global oil demand should increase as the worldwide economy gains traction. Markets have favored the supply side in large part because of increased U.S. crude oil production, though a weakened market has slowed some of that trajectory.

Brent for May delivery was down a fraction of a percent in early Tuesday trading to fetch $63.14 per barrel. WTI was relatively flat at $56.32.

The American Petroleum Institute publishes industry market data late Tuesday, while the U.S. Energy Information Administration rolls out a federal report Wednesday.

EIA in its annual report, published earlier this month, said domestic crude oil production peaks at 10.6 million barrels per day in 2020 and then fades to 9.4 million bpd by 2040. The full-year average production for 2015 is forecast at 9.2 million bpd.

The increase in crude oil prices has lead to a corresponding rise in retail gasoline prices for U.S. consumers. Motor club AAA said in a weekly status report the national average price for a gallon of regular unleaded is up 3 percent from last week to $2.46 per gallon.

"Global oil prices continue to reflect volatility and industry stakeholders remain divided over where supply and demand fundamentals will send prices," the motor club said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
US seeking to allay Gulf fears amid regional chaos
Washington (AFP) April 19, 2015
With conflicts raging across the Middle East, the US is seeking to reassure its Gulf allies that it has a regional strategy which will be bolstered, not shredded, by any Iran nuclear deal. The US administration appears increasingly caught in a game of whack-a-mole as it confronts a series of complex challenges, with Saudi-led airstrikes in Yemen just the latest complication in a regional tin ... read more


OIL AND GAS
New Zealand boasts of geothermal energy capacity

Canada revises upward CO2 emission data since 1990

British greenhouse gas emissions drop

Shifts in electricity generation spur net job growth, but coal jobs decline

OIL AND GAS
Graphene pushes the speed limit of light-to-electricity conversion

KOA Speer ships new 3W molded current sense resistor

Harvesting energy from electromagnetic waves

Packing heat: New fluid makes untapped geothermal energy cleaner

OIL AND GAS
ORNL contributes to major UN bioenergy and sustainability report

Researchers use plant oils for novel bio-based plastics

Discovery of new plant switch could boost crops, biofuel production

Swimming algae offer Penn researchers insights into living fluid dynamics

OIL AND GAS
EU gives green light for Hungarian nuclear deal with Russia

Bury nuclear waste down a very deep hole, say UK scientists

Japan utility appeals nuclear reactor injunction

Russia, Japan to Continue Developing Joint Nuclear Energy Projects

OIL AND GAS
Climate connections

Burying the climate change problem

Music: Will climate change give us the blues?

Climate change, plant roots may accelerate carbon loss from soils

OIL AND GAS
Tesla struggling to electrify China car market

Carmakers race to China auto show despite market slowdown

China's Ninebot buys US scooter firm Segway

China 'Segway copycat' buys Segway company

OIL AND GAS
Retaking all of Iraq's Anbar out of reach for now: analysts

Iraq PM says will ask US for more arms, strikes

Blackwater guards get heavy sentences in 2007 Iraq killings

Iraqis do not want to be 'puppets' of Iran: US

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.