Scammers Are Exposed On This Site

Wednesday, 11 September 2019

EIA continues to revise 2019 global liquid fuels consumption forecast lower (9/11/2019)

In the September 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) revised its forecast for 2019 global liquid fuels consumption down to 100.8 million barrels per day (b/d), 0.1 million b/d lower than the August STEO and 0.7 million b/d lower than the January STEO. EIA attributes the lower forecast 2019 global oil consumption to a downward revision of 0.18 million b/d in the United States and Europe, in addition to downward revisions to forecast consumption in the Middle East and in India (Figure 1). If the September forecast is realized, 2019 would be the first year that global liquid fuels consumption grows less than 1.0 million b/d since 2011. ... More »

Thursday, 5 September 2019

U.S. distillate consumption lower in 2019 after record growth last year (9/5/2019)

U.S. total distillate consumption, as measured by product supplied, has been approximately 1.2% lower during the first eight months of 2019 than it was during the same period in 2018. Distillate fuel is linked with economic growth because of its many uses in multiple sectors. Distillate is used by multiple transportation modes as a fuel to move freight and people, by commercial and industrial heavy machinery to build and produce goods, in agriculture for farming, and in residential and commercial sectors as a heating fuel. Trends in several of these end-use sectors explain some of the reasons behind slowing demand growth for distillate fuel in the United States. ... More »

Wednesday, 28 August 2019

U.S. retail gasoline prices heading into Labor Day are lower than last year (8/28/2019)

The U.S. average retail price for all formulations of regular gasoline on August 26, 2019, was $2.57 per gallon (gal), 25 cents/gal (9%) lower than the price at the same time last year (Figure 1). This decline in the price of gasoline has been driven by lower North Sea Brent crude oil prices (a global benchmark for crude oil and the most relevant determinant of U.S. gasoline prices), drops in year-over-year demand, and high gasoline inventory levels. ... More »

Wednesday, 21 August 2019

2018 OPEC net oil export revenues highest since 2013, but likely to decline (8/21/2019)

The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenues in 2018 (Figure 1). The estimate is up 29% from 2017, but about 40% lower than the record high of almost $1,200 billion in 2012. The 2018 earnings increase is mainly a result of higher crude oil prices. The Brent spot price rose from an annual average of $54 per barrel (b) in 2017 to $71/b in 2018. However, EIA forecasts annual OPEC net oil export revenues will decline to $593 billion in 2019 and to $556 billion in 2020. Decreasing OPEC revenues are primarily a result of decreasing production among a number of OPEC producers. ... More »

Wednesday, 14 August 2019

Singapore gasoline crack spreads now among the world’s lowest (8/14/2019)

Asian refinery capacity expansions and increased throughput are affecting regional gasoline supply and crack spreads. Before 2015, gasoline crack spreads in Asia were frequently some of the world’s highest, reflecting low refinery capacity and high petroleum demand growth. However, since 2016, Asian gasoline crack spreads have fallen regularly to among the lowest globally. In China specifically, refinery investments and expansions have contributed to increasing gasoline yields and higher gasoline exports, up to 0.3 million barrels per day (b/d) in 2019 through June. These factors are contributing to downward pressure on gasoline prices and crack spreads in Singapore, the local market hub for petroleum products. In addition to ongoing Chinese refinery capacity expansions, increased petroleum product export quotas and slower transportation fuel demand growth within China are likely to result in continued increases in gasoline exports from China. ... More »

Wednesday, 7 August 2019

EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast (8/7/2019)

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outpaces consumption growth (Figure 1). In 2019, EIA forecasts that upward pressure on crude oil prices from supply-side constraints will be largely offset by demand-side concerns. In 2020, despite increased crude oil demand resulting from new regulations from the International Maritime Organization (IMO 2020), production is expected to increase more, offsetting the price impacts from increased demand. As a result of the offsetting price pressures, EIA forecasts that crude oil prices will remain relatively flat through 2020. ... More »

The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.