Sunday, January 5, 2025
Oil Price Volatility - Oil & Gas 360

California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

Supply from India, Russia and the UK Heading to the West Coast Gasoline prices in California has historically been among the highest in the United States, and the drop in supply after a refinery shutdown earlier this year is not helping. The Energy Information Administration (EIA) reports gasoline imports to California increased tenfold in the five months following a refinery

IEA Sees Flattening Oil Production, Lower Demand Growth

Production growth nearly flat Month-over-month production growth was nearly flat from August to September, according to the International Energy Agency’s (IEA) September Oil Market Report. World oil supply held steady near 96.6 MMBOPD as lower non-OPEC production was offset by a slight increase in OPEC crude. OPEC crude supply rose by 90 MBOPD in September to 31.72 MMBOPD as record