Energy Flash Report - No Registration Needed for Purchase
Written by executive editor Tom Stundza, Purchasing's Energy Flash Report is a concise end-of-the-quarter round-up of news and events that influence spot-market pricing for energy products. The report also provides an early look at pricing action expected in the coming quarter.
Latest Energy Flash Report – June 22, 2009, issue preview:
Crude oil purchasing is down, but prices are up on demand expectations
Crude oil prices have been on a 57% upward trend this year caused by steadily reduced production in response to the plunge in oil demand caused by the global economic recession. None of the recent increase in crude oil pricing —from a monthly average of $42/barrel in January to $66 so far in June—is due to increased demand. Crude and refined product stocks are increasing in weak global economy; that’s why American storage tanks are bloated with a huge surplus.
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