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Rubatex Msds Oil prices jumped today as already thin stocks of oil in the United States shrank further while the threat of war hung over the Middle East.

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Rubatex Neoprene Evidence of lower American inventories came after the leader of the Organization of the Petroleum Exporting Countries said exporters should act swiftly to remove a global supply glut.

Also yesterday, the Crude Oil Inventories data was published. The oil inventories fell as low as 1.6M from 6.9M, but not surprisingly, Oil prices jumped over 1%. Crude prices are standing now $1 shy of its 9 month high.

Rubatex Pipe In New York, crude oil for January delivery rose 49 cents, or 1.9 percent, to $26.89 a barrel, while in London, the benchmark Brent crude oil jumped 45 cents, to $25.30 a barrel.

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Rubatex Pipe Insulation According to the Energy Information Administration, United States oil inventories fell sharply last week as refiners processed more crude and dealers moved distillate stocks into secondary storage ahead of winter demand. Crude stocks fell 3.9 million barrels, to 284.2 million barrels, in the week ended Friday, or 9 percent below last year.

From 4th September 2006, the latest price increase from British Gas takes hold. British Gas is the largest domestic energy supplier in the UK and this is its second price increase of 2006. Gas prices are set to increase by 12.4% and electricity prices by 9.4%, affecting its 11.3 million gas and 5.3 million electricity customers. The 2. affected by this increase.

Rubatex 180 In the Midwest, where stocks have thinned so much that the oil refiner Premcor said last week that it had cut refinery runs because of a lack of crude, stocks fell to 54.2 million barrels. That was 28 percent lower than this time last year and the lowest level since at least 1990, the agency said. The Midwest has a strong effect on United States prices as it houses the delivery point for New York crude oil futures contracts.

British Gas, which is the largest domestic energy supplier in the UK, has announced its second price increase of 2006, affecting its 11.3 million gas and 5.3 million electricity customers. From 4th September 2006, it gas prices by are set to increase by 12.4% and electricity prices by 9.4%. This latest price increase will add 09 a year to an average user's bill warns the price comparison and switching service, SimplySwitch.com.

Rubatex 180 Fs Heating oil stocks fell 500,000 barrels, to 54.1 million barrels, according to the E.I.A. That was a deficit of 8.2 million barrels from last year, which had an abnormally warm winter. Overall national distillates, which includes low-sulphur diesel stocks, fell 2.9 million barrels. Heating fuel and diesel are keenly watched in winter months as a barometer of overall oil demand.

Rubatex 1800 Stocks have declined despite a sharp rise in output by OPEC, a move that has helped knock prices down by 15 percent since the beginning of October.

Rubatex 320 The secretary general of OPEC, Alvaro Silva, said Tuesday that the cartel, which controls two-thirds of world exports, should move to correct oversupply before demand contracts after the winter. OPEC meets on Dec. 12 to decide output quotas for the first quarter of 2003.

Reuters - 11/28/2002

Topic: Petroleum Industry