EIA: Growing global liquids inventories reflects lower crude oil prices
Total global liquids inventories are estimated to have grown by 2.3 million bpd through the first seven months of 2015.
Total global liquids inventories are estimated to have grown by 2.3 million bpd through the first seven months of 2015.
Sunoco is to purchase the distributor for US$57 million.
Caltex makes HCOP net profit after tax of $375 million for 1H15.
Refiners are expected to face a decade long global gasoline glut as early as 2017.