Peak oil review – July 28

1. Production and Prices

2. India

1. Production and Prices

Oil prices continued to fall last week, closing at $123 on Friday, a $24 per barrel drop since July 11th. US gasoline consumption continues to slip with MasterCard now reporting that sales are down by 3.3 percent compared to last summer. Analysts are projecting a 200,000 b/d increase in OPEC production for July.[…]

2. India