Listen: Deputy Secretary Of Energy, International Energy Association And Secretary discussed on Financial Issues with Dan Celia
"He, they said they were going to do it. They're denying it now. But it's very same time. They're denying it to us. They are in now seeing on the state run radio and TV. That they have full control over the strait. They are going to control the flow of Royal and all, but, you know. Say yes, we did this and we feel really good about it. I mean it's pretty obvious. They are they did it, and they're trying to convince people that they did it and hope they're people look at it as some sort of victory. That's what it would seem like. As we head into a new we. This week. We see the national average gasoline hit the lowest it's been in well, more way more than a year. I don't I didn't I don't know. I just saw thirteen months, but it's two dollars and seventy seven cents. Two dollars and seventy seven cents almost seventy one been going down pretty much all week, the national average gasoline. So we'll see if that can hold steady. That's where we are right now yesterday, we saw inventories of oil, a two point two million barrel, increase gasoline inventories, increase point eight million eight hundred thousand barrels so gasoline, image or supplies sill good. Crude oil inventories, well and the secretary the deputy secretary of energy said, on Wednesday that we are not slowing down. We are going to continue to ramp up production here in America. And supply, whatever we need to supply for the world. We are not going to have any plans of cutting back production and we expect a hit all time record highs of oil production per day. In, in the very near future already there. But go up higher yet. So the I E yesterday, by the way, our phone lines eight four four seven zero seven fifty five thirty three. The I E A yesterday estimates estimates that the global global demand. Two thousand nineteen has been cut demand has been cut for the second month in a row, by the way. International energy association. So is now projected. That. One point two million barrels a day will be produced. In first quarter two thousand nineteen global growth was only three point three million barrels a day for the second order."