30 Aug '13, 12pm

Drumbeat: August 30, 2013

Posted by Leanan on August 30, 2013 - 9:25am Fuel Supply-Demand Deficit Widens Without Iran, EIA Says Excluding Iran from the global oil market increased the shortfall between worldwide supply and demand, the U.S. Energy Information Administration said. Global petroleum use averaged 2.2 million barrels a day more than output in July and August when Iran is excluded from the calculations, the EIA, the Energy Department’s statistical arm, said in a report today. Iran can help reduce the deficit by 1.5 million barrels a day as the country’s production outpaced demand, the EIA said.

Full article: http://www.theoildrum.com/node/10225

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