South African fuel imports rising
According to Business Monitor International (BMI), downstream underinvestment in South Africa is spiking fuel import dependency.
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PIRA Energy Group looks at movements in the global oil market during the week ending 19 October 2014.
Tank Storage Germany will be used as a platform for many of the 80+ leading international exhibitors to launch new products into the market.
The API has released a summary of reports that agree that crude oil exports would put downward pressure on gasoline prices.
According to the ICIS, Asian spot prices fell in the first half of October.
The API has said that the US Government Accountability Office’s recent report reaffirms the economic benefits of crude exports.
The US GAO has said that allowing exports could reduce consumer fuel prices, and the size of the strategic reserves should be reexamined.
Canadian pipelines received 87.4 million m3 of crude oil and condensates, and other liquefied petroleum products in August 2014.
Charles L. Perry of the Brookings Institution highlights the positives and negatives of falling global oil prices.
Beijing event stresses importance of worker safety.
