Oil Demand High As Prices Surge

Oil demand high as prices surge

New evidence of rising global oil consumption emerges as Opec members' failure to increase quotas sends prices up again.

Sections:  news   business   
Topics:  energy   oil   oil cartel   oil prices   opec   supply and demand   
  • Keystone XL pipeline to be delayedKeystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Exxon CEO's Compensation Rises to $40.2 Million
    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
  • Could cow manure be the future of green energy?
    The next time you drive past a farm and smell cow manure, here's something to think about while you're holding your nose. The stinky stuff could someday be an inexpensive source for fueling your car and powering your home... The process of turning the waste into natural gas by using what are called anaerobic digesters, has become much more efficient. More
  • UPDATE 2-Rainy day draws a little nearer for Norway's economy - Reuters
    UPDATE 2-Rainy day draws a little nearer for Norway's economy - Philly.com
    09/3/2015 - 6:57 am | View Link
  • German bond yields fall as ECB policy meeting, U.S. data awaited - Yahoo! Finance
    ... and U.S. economic data and a renewed slide in oil prices also supported underlying demand for top-rated ... retreating from a two-week high of ...
    09/2/2015 - 12:22 pm | View Link
  • China fears drive down stocks and oil, fuel turmoil Reuters - Yahoo! Finance
    GLOBAL MARKETS-Stocks, oil dive on China fears; volatility jumps - Reuters UK
    09/1/2015 - 6:25 am | View Link
  • With help, small island states ditch diesel for cheaper, cleaner ... - Reuters
    With help, small island states ditch diesel for cheaper, cleaner ... - Philly.com
    09/1/2015 - 6:02 am | View Link
  • Pemex Investors Face Crude Reality With Credit Downgrade Threat - Washington Post
    Pemex Investors Face Crude Reality With Credit Downgrade Threat - Bloomberg
    08/31/2015 - 9:22 am | View Link
  • More
  • European gasoil demand rallies on global weakness, logistics stretched further
    Having traded as high as $10/mt above 0.1% last week, spot prices for 50 ppm in the ARA market fell back against stronger demand for 0.1% barges Wednesday, as the differential between the two grades of gasoil narrowed to $4.75/mt. However, logistics ...
    09/3/2015 - 12:06 am | View Link
  • Noble Group hires senior traders to expand Singapore oil team
    Despite plunging prices, oil markets are still seen as a profit opportunity, largely due to healthy demand. "In most commodities, like dry-bulk, demand is down while production remains high, so the value of our assets and stocks is falling. We can't even ...
    09/2/2015 - 10:28 pm | View Link
  • Sectors that will profit first from a reversal in oil and gas prices
    What factors are impacting oil prices on the demand side? Chinese market news ... He identifies oil and gas companies that have high or potentially high growth rates and that are covered by several research analysts. He has a degree in journalism and ...
    09/2/2015 - 12:18 pm | View Link
  • You think the stock market is crazy? Look at oil prices.
    adding to already high supplies. But the market was clearly uncomfortable with oil under $40, traders say. And at any sign that perhaps supply and demand weren’t quite so out of whack, they were ready to buy. China’s stock market soared last week ...
    09/2/2015 - 11:33 am | View Link
  • Glut of oil behind lower gasoline prices for Labor Day
    Normally, Green said, gasoline pump prices begin sliding after Labor Day weekend, as demand falls off and ... that charge less for cash than credit card purchases. The record high Long Island average in the AAA survey was $4.35 a gallon set in July ...
    09/2/2015 - 6:21 am | View Link
  • More
  • Global Palm Oil Demand Fueling Deforestation | Worldwatch ...
    This is the first feature in a weekly, three-part series on palm oil development in Indonesia. Click here to read the full series. The benefits of the oil palm are ...
    09/2/2015 - 6:37 pm | View Website
  • Why Are Gas Prices So High
    High gas prices are caused more by futures traders than supply and demand. Heres' the causes of high gas prices from 2008 - 2015.
    09/2/2015 - 2:34 pm | View Website
  • Commodities
    Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney.
    09/2/2015 - 11:28 am | View Website
  • Price of oil
    The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil. The price of a barrel of oil is highly dependent on both ...
    09/2/2015 - 5:30 am | View Website
  • Peak oil
    The demand side of peak oil over time is concerned with the total quantity of oil that the global market would choose to consume at various possible market prices and ...
    09/2/2015 - 12:15 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News