je.st
news
Higher gasoline consumption only short-term help for oil prices
2015-02-02 01:58:30| Energy - Topix.net
Oil companies are moving aggressively to cut excess supply in the face of a glut, but weak global growth is expected to dampen any recovery in crude prices over the next two years. There are some signs of a demand response to oil's price swoon - gasoline sales were up sharply in some states last fall while sales of sports utility vehicles soared at the end of the year.
Tags: prices
higher
oil
consumption
Category:Energy and Environment
Latest from this category |
All news |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||