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Global Fuel Demand Outside Iran Outstrips Supply, U.S. Says

Bloomberg – Feb 29, 2012
 

outpaced supply by 1.6 million barrels a day during the first two months of the year, the U.S. Energy Department said. Consumption averaged 84.5 million barrels during the period while production was 82.9 million, the department’s Energy Information Administration said in the report today. The examination on oil and fuel supplies and prices outside of Iran was prepared for Congress. OPEC spare oil production dropped 33 percent in the first two months of this year compared with same period in 2011, the report showed. The Organization of ...

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