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Oil Stats 15th April 2009

DOE: US Crude Oil Stocks +5.6 Mln Bbl At 366.7 Mln Bbl DOE: US Gasoline Stocks -0.9 Mln Bbl At 216.5 Mln Bbl DOE: US Distillate Stocks -1.2 Mln Bbl At 139.6 Mln Bbl DOE: US Refineries Ran At 80.4% Vs 81.8% Week Ago

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Oil Market News – 15th April 2009

Short update on Nigerian situation.  RDSB.LN (Royal Dutch Shell Nigerian joint venture) company has declared “force majeur” on its light crude oil shipments following a pipeline fire.  This declaration was made yesterday at 11.00 GMT by Shell’s local company – Shell Development Co.  Force Majeur...

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Oil Prices – WTI Crude Oil 15th April 2009

A lack of global demand continues to pressure the daily price of crude oil and with today’s inventory figures expected to show yet further increases in the stockpile, this can only add to the current bearish tone.   As we have seen recently, the combination of...

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