As a result refinery output grew Grow.strong by almost 45 percent from 2000 to 275 million tonnes per year in 2013 , almost on a par with a peak Position.high reached in the mid-1980s when the Red Army needed fuel for its campaign in Afghanistan .

The IEA estimates that U.S. crude oil is expected to seek higher ground Movement.up.gain until reaching a peak Position.high in late April of about 17 million bpd .

Energy traders have been closely eyeing gasoline stockpiles in recent weeks to gauge the strength of demand as the U.S. driving season was in its peak Position.high gasoline demand period .

Oil , the world 's most used fuel , has seen futures fall Movement.down.loss by 2.24 % from their 2019 peak Position.high in January , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since June .

Elsewhere , Brent oil for March delivery on the ICE Futures Exchange in London added Movement.up.gain 10 cents or about 0.16 % to $ 67.88 a barrel , not far from last week 's nearly three-year peak Position.high of $ 68.27 .

Oil , the world 's most used fuel , has seen prices fall Movement.down.loss by 13 % from their 2019 peak Position.high in January , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since January .

Oil , the world 's most used fuel , has seen futures drop Movement.down.loss by 30 percent from their 2019 peak Position.high in summer , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since January .

The IEA estimates that U.S. crude oil is expected to seek higher ground Movement.up.gain until reaching a peak Position.high in January of about 17 million bpd .

Oil , the world 's most used fuel , has seen futures fall Movement.down.loss by 40 percent from their 2019 peak Position.high in summer , with Brent crude oil futures threatening to crash Movement.down.loss below $ 60 per barrel for the first time since June .

Oil , the world 's most used fuel , has seen prices fall Movement.down.loss by 20 % from their 2019 peak Position.high in late April , with Brent crude oil futures threatening to fall Movement.down.loss below $ 60 per barrel for the first time since January .

Still , international experts remained cautious over forecasting when the outbreak might reach a peak Position.high .

Oil , the world 's most used fuel , has seen prices plunge Movement.down.loss by more than 40 % from their 2019 peak Position.high in January , with Brent crude oil prices threatening to fall Movement.down.loss below $ 60 per barrel for the first time since June .

The IEA estimates that U.S. crude oil is expected to climb Movement.up.gain until reaching a peak Position.high in early October of about 17 million bpd .

The IEA estimates that U.S. crude oil is expected to rise Movement.up.gain until reaching a peak Position.high in the 2020s of about 17 million bpd .

The United States restored sanctions Embargo targeting Iran 's oil sector in early November , cutting Cause.movement.down.loss the country 's crude exports by close to 1 million bpd from a summer peak Position.high .

Excluding oil and gas , `` onshore '' output fell Movement.down.loss 0.1 per cent in the fourth quarter , extending the recession to ten quarters from the peak Position.high in the second quarter of 1990 .

The IEA estimates that U.S. crude oil is expected to trend upward Movement.up.gain until reaching a peak Position.high in the second quarter of 1990 of about 17 million bpd .