China, India Emission Rule to Pressure Sweet Oil

[bemildred]

India and China's new emissions standards will increase demand for light, sweet crude oil because their primitive refineries can't use more abundant heavy, sour oil, the Organization of Petroleum Exporting Countries said Wednesday.

Continued economic strength and disappointing output from producers outside the group are expected to push up demand for OPEC oil in 2005 by 110,000 barrels a day to 28.41 million b/d.

Current levels of production and higher demand forecasts imply a modest stock build of 1.45 million b/d a day in the second quarter. The group said January output declined 606,000 b/d to 29.15 million b/d, in line with a December decision to trim 1 million b/d in output.

OPEC revised higher its estimates by 270,000 b/d for the call on OPEC in the first quarter to 29.04 million b/d, and added another 110,000 b/d for third quarter demand for its oil to 28.41 million b/d.

Rig Zone

[Ironpost]

1. How many gallons is in a barrel of oil.

I want to figure the volume of 28.41 million barrels

[hatrack]

3. 42 gallons per barrel

:hi:

[Ironpost]

4. thank you n/t

[Coastie for Truth]

2. It's only gonna get worse

link: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=115&topic_id=20021&mesg_id=20024