Crude oil, gasoline, heating oil, diesel and natural gas supplies last week were above the five-year average for the period, the Energy Department said on Oct. 4. This shows that petroleum Refinery Companys are taking as much as possible advantage of this price fall in the market
Crude oil fell on speculation Saudi Arabia, the world's largest producer, hasn't agreed to participate in any output cut by the Organization of Petroleum Exporting Countries. ``Saudi Arabia seems not to agree on any cutback plan until oil falls below $55 a barrel,'' said Makoto Takeda, an energy analyst at Bansei Securities Co. in Tokyo
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Crude oil fell on speculation Saudi Arabia, the world's largest producer, hasn't agreed to participate in any output cut by the Organization of Petroleum Exporting Countries. ``Saudi Arabia seems not to agree on any cutback plan until oil falls below $55 a barrel,'' said Makoto Takeda, an energy analyst at Bansei Securities Co. in Tokyo
play the market....
