Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:17 AM

GasBuddy News Article

48
votes
Oil Falls as China Export Growth Slows, IEA Cuts Forecast

Bloomberg -- Oil fell as China’s export growth slowed and the International Energy Agency cut demand forecasts in signs that the global economic recovery is slowing.

Prices declined 0.5 percent as China’s customs bureau reported outbound shipments in July increased 1 percent from a year earlier after an 11 percent rise in June. It was the worst export growth since 2009. The IEA reduced its estimate of 2012 world consumption by 250,000 barrels a day to 89.6 million.



Read the Full Article

Submitted Aug 12, 2012 By: SnickersDog
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Falls as China Export Growth Slows, IEA Cuts Forecast Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
itzagasgasgas1
Champion Author Cincinnati

Posts:6,853
Points:2,281,890
Joined:Aug 2005
Message Posted: Aug 18, 2012 5:48:14 PM

old news
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,421
Points:2,301,690
Joined:Nov 2008
Message Posted: Aug 15, 2012 4:23:15 AM

Prices at the pump are still rising. And will do so for a while, despite there being no reason.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,652
Points:1,265,135
Joined:Sep 2011
Message Posted: Aug 13, 2012 11:25:29 AM

Thank you for posting.
Profile Pic
cashpayer
Sophomore Author Raleigh

Posts:147
Points:81,395
Joined:Feb 2012
Message Posted: Aug 12, 2012 11:08:25 PM

Oh, boo hoo hoo. Do you think prices will go down at the pump? Hell, no. They continue to climb here although oil prices are slowly going down.
Profile Pic
bluegrasser1
Champion Author Richmond

Posts:18,936
Points:3,305,285
Joined:Sep 2005
Message Posted: Aug 12, 2012 10:37:29 PM

ok
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,669
Points:3,129,495
Joined:May 2005
Message Posted: Aug 12, 2012 10:37:17 PM

we still buy
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,579
Points:2,198,970
Joined:Nov 2008
Message Posted: Aug 12, 2012 10:33:53 PM

Hasn't fallen enough.
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,278
Points:1,963,950
Joined:Jul 2007
Message Posted: Aug 12, 2012 10:33:02 PM


We knew China could not continue to grow at that rate.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,949
Points:1,596,615
Joined:Jun 2005
Message Posted: Aug 12, 2012 10:32:10 PM

China's growth is slowing. Maybe there is some good in this.
Profile Pic
rippinusoff
Champion Author Lexington

Posts:10,299
Points:2,178,250
Joined:May 2007
Message Posted: Aug 12, 2012 10:31:46 PM

really?
Profile Pic
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: Aug 12, 2012 10:30:47 PM

keep on dropping.
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,466
Points:3,136,760
Joined:Nov 2005
Message Posted: Aug 12, 2012 10:30:10 PM

if the recovery (what recovery ?) is slowing, are we on the verge of another September like in 2008 where the world economy came within hours of a complete meltdown ?
Profile Pic
rollercoaster
All-Star Author Hartford

Posts:502
Points:573,285
Joined:Jul 2008
Message Posted: Aug 12, 2012 10:28:21 PM

good
Profile Pic
Thomtec
Champion Author Nashville

Posts:5,306
Points:1,294,645
Joined:May 2011
Message Posted: Aug 12, 2012 10:28:02 PM

Ok
Profile Pic
unclenorman
Champion Author Tampa

Posts:2,641
Points:590,200
Joined:Jan 2012
Message Posted: Aug 12, 2012 10:27:27 PM

We all know pig oil is out of control.Sure as hell the republicans will do nothing about it.Watch the price jump if nit wit Mitt gets elected.
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:11,022
Points:2,572,335
Joined:Jul 2007
Message Posted: Aug 12, 2012 10:23:47 PM

good
Profile Pic
lou30
Sophomore Author Miami

Posts:197
Points:878,165
Joined:Mar 2011
Message Posted: Aug 12, 2012 10:22:44 PM

lol. 10k I like your post.
Profile Pic
10k
Champion Author North Carolina

Posts:25,160
Points:2,943,650
Joined:May 2006
Message Posted: Aug 12, 2012 10:21:45 PM

big_mac64 is correct:

the law of supply and demand died and was buried, when big oil was given free rein..

may it RIP..

[Edited by: 10k at 8/13/2012 12:22:47 AM EST]
Profile Pic
justmedc
Veteran Author Michigan

Posts:382
Points:252,420
Joined:Mar 2012
Message Posted: Aug 12, 2012 10:21:04 PM

for sale
Profile Pic
Rooster922
Champion Author Wilmington

Posts:4,188
Points:1,110,505
Joined:Jan 2009
Message Posted: Aug 12, 2012 10:19:37 PM

Wow! what's that? World consumption, wow
Profile Pic
Vitobug
Champion Author El Paso

Posts:3,044
Points:1,246,175
Joined:May 2011
Message Posted: Aug 12, 2012 10:19:27 PM

ok
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,654
Points:3,154,930
Joined:Oct 2005
Message Posted: Aug 12, 2012 10:17:10 PM

Hope it keeps falling.
Profile Pic
bradley1969
Champion Author Wisconsin

Posts:4,040
Points:917,370
Joined:Mar 2012
Message Posted: Aug 12, 2012 10:16:57 PM

SURE??????
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,933
Points:2,593,385
Joined:Feb 2007
Message Posted: Aug 12, 2012 10:15:51 PM

Oil companies are killing the world.
Profile Pic
DisMusBeDaPlaz
Champion Author Tampa

Posts:5,364
Points:1,257,675
Joined:Sep 2011
Message Posted: Aug 12, 2012 10:15:31 PM

Are they cutting their throats, or seeking higher revenue from other countries?
Profile Pic
MDTDriver
Champion Author California

Posts:11,787
Points:2,820,850
Joined:Jul 2006
Message Posted: Aug 12, 2012 10:15:29 PM

Good China down growth is for USA!
Profile Pic
dieselme2011
Champion Author British Columbia

Posts:5,667
Points:1,193,590
Joined:Mar 2011
Message Posted: Aug 12, 2012 10:15:04 PM

kk
Profile Pic
MadDogUSMC
Champion Author Jacksonville

Posts:23,840
Points:3,561,635
Joined:Apr 2005
Message Posted: Aug 12, 2012 10:14:41 PM

Then why does the price at the pump continue to rise?
Profile Pic
firasatali
Champion Author Toronto

Posts:6,019
Points:1,206,875
Joined:May 2011
Message Posted: Aug 12, 2012 10:13:04 PM

ok
Profile Pic
Glock26
Champion Author Dayton

Posts:4,291
Points:1,293,810
Joined:Mar 2011
Message Posted: Aug 12, 2012 10:12:57 PM

Pure Bull!!!
Profile Pic
Saunch2012
Veteran Author Pennsylvania

Posts:451
Points:170,605
Joined:May 2012
Message Posted: Aug 12, 2012 10:12:38 PM

ok
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Aug 12, 2012 10:12:30 PM

Slowed in China and picked up in America because they keep buying up our country.
Profile Pic
big_mac64
Champion Author Tennessee

Posts:11,257
Points:1,687,795
Joined:May 2005
Message Posted: Aug 12, 2012 10:10:54 PM

come on folks...supply and demand does NOT work in this country when it comes to oil!
Profile Pic
ratboy1968
Champion Author Montreal

Posts:5,504
Points:1,239,175
Joined:Oct 2011
Message Posted: Aug 12, 2012 10:10:29 PM

ok
Profile Pic
WebGabe
Champion Author Pennsylvania

Posts:5,264
Points:1,181,870
Joined:Jun 2007
Message Posted: Aug 12, 2012 10:10:21 PM

??
Profile Pic
tml721
Champion Author Columbus

Posts:15,626
Points:3,046,815
Joined:Jul 2005
Message Posted: Aug 12, 2012 10:10:05 PM

Falls?? WHERE???
Profile Pic
greshams
Champion Author Cincinnati

Posts:4,936
Points:1,066,330
Joined:Nov 2011
Message Posted: Aug 12, 2012 10:09:50 PM

big oil is kicking us right where it hurts.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,610
Points:1,353,775
Joined:Jan 2010
Message Posted: Aug 12, 2012 10:09:44 PM

Don't expect prices to fall anytime soon.
Profile Pic
jferrara41
All-Star Author Delaware

Posts:652
Points:225,725
Joined:Apr 2012
Message Posted: Aug 12, 2012 10:09:44 PM

ok
Profile Pic
bills299
Champion Author Atlanta

Posts:6,193
Points:1,588,660
Joined:May 2005
Message Posted: Aug 12, 2012 10:08:49 PM

What a crock!!!
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:9,680
Points:2,319,940
Joined:Nov 2005
Message Posted: Aug 12, 2012 10:07:33 PM

Pass it down, please.
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:7,225
Points:1,588,560
Joined:Aug 2010
Message Posted: Aug 12, 2012 10:07:29 PM

supply & demand will rule here.
Profile Pic
jem069
Champion Author Detroit

Posts:4,530
Points:1,218,560
Joined:Jan 2011
Message Posted: Aug 12, 2012 10:07:13 PM

Ok
Profile Pic
Jarol
Champion Author Iowa

Posts:11,328
Points:2,282,490
Joined:Nov 2007
Message Posted: Aug 12, 2012 10:06:00 PM

The market at work.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,662
Points:1,079,215
Joined:Mar 2012
Message Posted: Aug 12, 2012 10:03:51 PM

Supply and Demand
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,790
Points:2,373,085
Joined:Apr 2005
Message Posted: Aug 12, 2012 10:03:42 PM

Forecasts are apparently powerful
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:4,715
Points:1,141,640
Joined:Jan 2012
Message Posted: Aug 12, 2012 10:03:27 PM

So what, who cares.
Profile Pic
PrinceLH
Champion Author Ontario

Posts:5,597
Points:1,228,645
Joined:Jun 2011
Message Posted: Aug 12, 2012 10:03:06 PM

We are not getting a fair shake at the pumps right now!
Profile Pic
goldseeker
Champion Author West Virginia

Posts:23,327
Points:3,406,980
Joined:Sep 2005
Message Posted: Aug 12, 2012 10:03:05 PM

Not really as it is currently at $93.53.
Profile Pic
sneadmd
Sophomore Author Dayton

Posts:217
Points:228,125
Joined:Feb 2012
Message Posted: Aug 12, 2012 10:02:56 PM

Interesting
Profile Pic
joel27nc
Champion Author Raleigh

Posts:13,437
Points:2,545,520
Joined:Mar 2008
Message Posted: Aug 12, 2012 10:02:39 PM

Prices going up here!
Post a reply Back to Topics