Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran

by Sabrina I. Pacifici on March 3, 2013

News release and Full Report with data: “The U.S. Energy Information Administration (EIA) estimates that global liquid fuels1 consumption outpaced production in January and February 2013, resulting in a 1.3-million-barrel-per-day (bbl/d) average draw in global oil stocks. Crude oil prices moved higher during this period, rising above the trading range they had been in for much of fourth quarter 2012. The front month Brent futures contract averaged $114.08 per barrel for the five-day period ending February 26, about $5 per barrel higher than the five-day period ending December 21. On February 8, Brent crude oil prices settled at their highest level since early May 2012.”

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