Tanks were 57.7% full in Aug. 2012 and were at 58.2% in July 2013, data from Ipsos Loyalty show. * Commercial inventories dropped to 34.1% in Aug. vs 42.3% a year earlier, data show. Stockpiles were 33.6% full in July * NOTE: Germany is Europe’s largest market for heating oil
A tanker hauling North Sea crude oil to South Korea collided with a jetty, causing damage to a pipeline and a leak into the sea, according to Royal Dutch Shell Plc, the company that booked the carrier.
OPEC signaled growing unease with the U.S. oil boom by starting a study into shale at its meeting in Vienna, where the group kept supply targets unchanged as $100 crude dulls the need to address excess production.