The decline Movement.down.loss slowed Slow.weak in October , thanks to government 's incentives for new vehicle purchases .

Analysts polled by Reuters had forecast a 1.9-million-barrel decline Movement.down.loss .

Oil prices remained supported since after Baker Hughes on Friday reported a decline Movement.down.loss by five to 742 in the number of U.S. rigs in the week to January 5 .

Oil prices fell Movement.down.loss sharply in the final quarter of 1991 and a more modest decline Movement.down.loss is expected over the next quarter .

The decline Movement.down.loss in fuel oil and vacuum gasoil exports is a double blow for some European refineries , which use these products as feedstock when crude prices rise Movement.up.gain .

Oil prices fell Movement.down.loss sharply in this year and a more modest decline Movement.down.loss is expected over first-quarter .

Oil also drew support from expectations of a decline Movement.down.loss in U.S. crude stocks , signaling healthy consumption as the summer driving season gets under way .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

DUBAI ( Reuters ) - Still haunted by its failed attempt to prevent a steep decline Movement.down.loss in oil prices by cutting Cause.movement.down.loss production by almost three quarters in the the end of 2018 , the world 's top oil exporter Saudi Arabia is determined not to make the same mistake again .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the decline Movement.down.loss in futures has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

Oil prices slid Movement.down.loss sharply in this year and a more modest decline Movement.down.loss is expected over May .

`` If the domestic economy falls apart Slow.weak , the decline Movement.down.loss in oil demand growth will radically worsen Situation_deteriorate . ''

Investing.com - Crude oil prices continued to rise Movement.up.gain and were trading near multi-year highs Position.high on Tuesday , as a decline Movement.down.loss in U.S. oil rigs and supply cuts Cause.movement.down.loss by major oil producers continued to support the commodity .

LONDON -LRB- Reuters -RRB- - European demand for diesel is expected to have fallen Movement.down.loss in the first three months of 2016 for the first quarterly decline Movement.down.loss in nearly two years , the International Energy Agency reported on Thursday , the latest sign of distress Slow.weak in the fuel market .

Analysts were expecting gasoline stocks to decline Movement.down.loss by 800,000 .

Other Gulf delegates attending a meeting of oil ministers from the region said the price decline Movement.down.loss was unlikely to spur action from the Organization of the Petroleum Exporting Countries ( OPEC ) unless crude halved Movement.down.loss $ 103.22 per barrel .

On Tuesday , the American Petroleum Institute said oil supplies fell Movement.down.loss by 1.17 million bpd in January , compared to expectations for a decline Movement.down.loss of 50,000 bpd .

`` Assuming we have a 30 percent decline Movement.down.loss -LRB- in oil prices -RRB- , it 's likely to be an additional 0.8 percent -LRB- in economic growth -RRB- for most advanced economies , because all of them are importers of oil , '' Lagarde said , mentioning the United States , Europe , Japan and China in particular .

Gasoline stocks declined Movement.down.loss by 2.2 million barrels in the week ending February 16 , less than the 558,000 draw analysts were looking for , while distillates -- including diesel -- were down Movement.down.loss 1.63 m barrel , deeper than the 1.63 m barrel decline Movement.down.loss expected .

MOSCOW/LONDON ( Reuters ) - Russian fuel deliveries to Europe could trend upward Movement.up.gain 2013 due to tax changes and a decline Movement.down.loss in Global consumption , stemming from a recession brought on in part by Western sanctions Embargo , analysts say .

The nation 's production has been squeezed Cause.movement.down.loss to the lowest Position.low since the 1980s by American sanctions Embargo , and may decline Movement.down.loss further as the measures take full effect .

The expected decline Movement.down.loss in U.S. crude stockpiles of 1.5 million barrels , according to a Reuters poll , follows data showing employment returned to its pre-recession peak , the latest in a string of positive U.S. indicators .

Gasoline stockpiles fell Movement.down.loss by about 300,000 barrels during the week , less than the 558,000 draw analysts were looking for , while distillates -- including diesel -- were down Movement.down.loss 2.4 m barrels , deeper than the 1.63 m barrel decline Movement.down.loss expected .

But its conventional oil fields are in decline Movement.down.loss , so it must move to frontier sources in Siberia and the Arctic to keep the oil flowing .

The South American member of OPEC derives 96 percent of its export revenues from oil , so the drop Movement.down.loss in prices has hit exacerbated Situation_deteriorate a national economic decline Movement.down.loss , a foreign currency shortage Shortage and a scarcity of basic goods .

`` All countries that will be affected significantly by the decline Movement.down.loss in the oil price , which are producers of oil , I think should be under watch , '' Lagarde said at a Wall Street Journal conference .

DUBAI ( Reuters ) - Still haunted by its failed attempt to prevent a steep decline Movement.down.loss in oil prices by limiting Cause.movement.down.loss production by almost three quarters in the last week , the world 's top oil exporter Saudi Arabia is determined not to make the same mistake again .

Analysts had expected an inventory decline Movement.down.loss of 3.267 million barrels for the week .

But a 3.8 million barrel increase Movement.up.gain at the Cushing , Oklahoma delivery hub for U.S. crude offset the overall decline Movement.down.loss in inventory .