No. 12



API Chief Tells US Congress That US Gasoline Stocks Have Not Fallen To Critical Level

Amid growing fears about production and inventory levels ahead of this months OPEC meeting, Red Cavaney, President and CEO of the American Petroleum Institute, has told a US Congressional subcommittee on energy and power that while US stocks of gasoline are currently lower than normal, they are not at a problematical level.

On 9 March Mr Cavaney submitted a written statement to...