damirUSBiH + 327 DD April 20, 2018 Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel. By end-April, China will likely have taken in more than 9 million barrels per day (bpd) of crude, its most ever. That’s nearly 10 percent of global consumption and more than a third of Asia’s overall demand. At $75 a barrel, it implies monthly import costs for China of more than $20 billion. Yet a much more fundamental reason has also sparked oil’s bull run: Asian demand, which Goldman Sachs said this week points to an average price of $80 a barrel in 2018. Quote Share this post Link to post Share on other sites
Pavel + 384 PP April 20, 2018 Excellent news for the end of the week. Have a nice weekend... 1 Quote Share this post Link to post Share on other sites
franco + 96 FM April 20, 2018 Prices are so high and it's not good. Too much from Saudi Arabia and OPEC 1 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 20, 2018 My local Michigan gas station has gone up .45 cents a gallon from my previous fill-up. In just a few days. 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ April 20, 2018 The world is floating in oil...Brent oil could hit $ 80 a barrel. It's a in direct link with the possibility of the U.S. and Europe impose sanctions on Iran and the latest events in Syria. 1 Quote Share this post Link to post Share on other sites
Petar + 76 PP April 20, 2018 The whole of "oil community" will benefit of increase oil prices. Without exception. So be prepared for more expensive living expenses... 1 Quote Share this post Link to post Share on other sites
jpZelabal + 63 jj April 20, 2018 Don't forget Russia. Higher oil prices will help their government to make further progress in rebuilding its fiscal savings and neutralize sanctions... 1 Quote Share this post Link to post Share on other sites
FoxyCleopatra + 1 MF April 22, 2018 Time to buy a Tesla 1 Quote Share this post Link to post Share on other sites
CMOP + 227 April 23, 2018 On 4/21/2018 at 11:35 PM, FoxyCleopatra said: Time to buy a Tesla @FoxyCleopatra only bummer is that we'll have to wait to get ours made. Hopefully Tesla figures out their production hell soon! Quote Share this post Link to post Share on other sites
Rodent + 1,424 April 23, 2018 37 minutes ago, CMOP said: @FoxyCleopatra only bummer is that we'll have to wait to get ours made. Hopefully Tesla figures out their production hell soon! It's a shame, really. Tesla missed a window here. Tesla should be seizing the demand that it is being thrown by higher oil prices. Instead, it is still languishing in its own incompetence. Watch Tesla get it together just as oil prices fall again. 1 Quote Share this post Link to post Share on other sites
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