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Crude Oil: USA and OPEC’s Higher Oil Reserves Press Oil Prices


 

 

As of April 27th 2012, the oil supply to US refineries reached 14.7M barrels a day, which was 230K b more than a week before. The refining capacity increased up to 86%. The production of gasoline saw almost no changes as compared to the previous week - 8,8M b/d. The production of distillates declined by 4.1M b/d week-over-week.

 

 

 

 

 

 
Over the last 4 week the oil import reached 8.7M b/d, which was 15K b/d more as compared to the same period a year ago. Last week’s total gas import was equal to 777K b/d. Last week’s total import of distillates was equal to 91K b/d.
 
The US oil reserves increased by 2.8M b up to 375.9M b, which is the7-month high. The gasoline reserves shrank by 2M b. The total reserves of distillates declined by 1.9M b while the total oil reserves increased by 1.9M b.
 
The demand for oil products was estimated at 18.8M b/d during the last 4 weeks. This is 1.7% less than a year ago. The demand for gasoline reached 8.7 b/d over the same period. This is 4.7% less than a year ago. The overall consumption of oil products was lower than a year ago.
 
According to the Commodity Trading Department of Masterforex-V Academy, the mid-term trend in the global market of crude oil remains bearish amid record-high reserves in the USA and OPEC countries.

 


 

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Nokia Plans To Bring Is Brand Back To Life

 

If to believe the edition named The Verge, this week Nokia is going to decide the fate of its brand. This is going to happen within the scope of the forthcoming conference named Slush, which is to take place in Finland in a couple of days. This conference gathers Finnish startups.

Publication date: 24 November 09:59 AM

Google Gets Disappointed With Android One Sales

 

Google introduced the first 3 smartphones within the scope of the program called Android One in September 2014. Those devices do not stand out from the crowd in terms of their tech specifications. Still, they are powerful enough to perform basic functions, including browsing the web and communication in social networks, Market Leader reports.

Publication date: 24 November 07:41 AM

BlackBerry Rio Rumors

 

According to some online sources specializing in hi-tech news, BlackBerry, once a major player in the international industry of mobile devices, is reported to be working on a new smartphone. This one is said to be called BlackBerry Rio. This is probably going to be a premium-class device, Market Leader reports.

Publication date: 24 November 07:40 AM

IQ Option's Turbo Options - up to 92% in 60 Seconds!

When you trade binary options on any underlying asset, including Forex or stocks, you belong to a growing international army of successful and well-off traders. Why? This is because more and more traders switch to binary options since they are more convenient, faster, more intuitive, simpler and easier to trade and handle. This concerns multiple aspects, from risk management to building strategies. that is why binary options traders can see their financial performance improving drastically since they have come to this environment.

Publication date: 21 November 03:04 PM

Apple Will Integrate Beats Music into iOS in 2015

 

Beats Music, a music streaming service recently purchased by Apple, is going to become an inseparable part of iOS, The Financial Times reports. If to believe the information provided by the reputable edition, this is going to happen in early 2015, Market Leader reports.

Publication date: 21 November 09:46 AM

Oil Prices Grow Amid Positive US Economic Stats

 

Oil  prices are reported to be growing amid positive US economic performance seen recently, Market Leader reports.

Publication date: 21 November 09:27 AM

Google Abandons Partnership with Mozilla

 

First of all, it should be noted that many people associate Mozilla and its Firefox browser with Google. Indeed, Google has invested a lot of money in Mozilla's products over the last couple of years. The sum was really huge - at least $100 000 000 a year. This was the fee for Google's privilege of remaining the default search engine in Mozilla Firefox.

Publication date: 21 November 06:48 AM

Microsoft Gets Rid Of Nokia Store

 

As the time goes by, Microsoft keeps on getting rid of any mentioning of Nokia regarding Microsoft's business. The tendency started from the popular Lumia series of mobile devices (smartphones). Now, the corporation seems to have switch to their gadgets, Market Leader reports. The thing is that many mobile devices created by Nokia, including Series 40 and Series 60 as well as Symbian-powered smartphones and the Nokia X / Nokia Asha series still have the access to the Nokia Store, which shouldn't be the case.

Publication date: 20 November 07:30 AM

Apple Pay Gets More Popular

 

Mobile payment systems have been around fro a while and are still getting increasingly popular worldwide. with that in mind, the world's biggest tech giants are trying to get into the niche, which is expanding at an unprecedented rate. It is not accidental since payments with mobile devices via touch-to-pay terminals are convenient and secure.

Publication date: 20 November 07:30 AM

Nokia Announces First Its First Tablet Called N1

 

7 month later, after Nokia sold its mobile business to Microsoft, the Finnish tech giant Nokia is entering the market of consumer electronics again. On November 18th, Nokia introduced its first tablet powered by Android 5.0. it is named Nokia N1.

Publication date: 19 November 01:26 PM