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.

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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
  • Malaysia to keep crude palm oil exports tax-free until end-Feb -govt ... - Yahoo! Finance
    Malaysia to keep crude palm oil exports tax-free until end-Feb -govt ... - Reuters Africa
    12/19/2014 - 7:47 am | View Link
  • Japan inflation seen slowing, rocky path to BOJ target - Yahoo! Finance
    Japan inflation seen slowing, rocky path to BOJ target - Reuters India
    12/19/2014 - 5:02 am | View Link
  • 5 reasons why the Dow is skyrocketing - USA Today
    ... down 5% from its Dec. 5 all-time high. ... is simply “supply and demand.” In ... no financial collapse due to lower oil prices, stock ...
    12/18/2014 - 2:56 pm | View Link
  • Traders Boost Europe Hedges on Wildest Swings Since ’12 - Bloomberg
    ... a 20-month high relative to prices ... Oil Slump Oil prices sank to a five-year low as producers refrained ... met slowing growth in global ...
    12/18/2014 - 8:11 am | View Link
  • US crude ends higher after EIA data, Brent near $61 - CNBC
    Brent Crude Holds Below $60 as OPEC, Russia Keep Pumping - NewsMax.com
    12/17/2014 - 2:46 pm | View Link
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  • Why oil price plunge could be short-lived
    Should demand for oil increase to 2% we'd need an extra 14 million ... struggling financially and had pushed for the cartel to cut production to support the high oil prices it needs to fund its economy and to invest in new oil production.
    12/19/2014 - 9:16 am | View Link
  • Oil Supply Is Up, Forcing Oil Prices To Drop
    Increase in production in other countries – Oil supply is high due to an increase in production ... The increase in oil supply, when contrasted with the decline in demand, helps explain the drop in oil prices. Continue to Part 4 Browse this series ...
    12/19/2014 - 2:18 am | View Link
  • Big decline in oil prices a mixed blessing
    What’s going on? An imbalance of supply and demand is rippling across the world economy, for better and worse. Supplies go boom Years of high oil prices, interrupted briefly by the recession, inspired drillers to scour the Earth for more oil. They found it.
    12/18/2014 - 11:37 am | View Link
  • Lower Oil Prices Make Consumers Smile But Not Everyone Benefits
    Although not all economists agree on the percentage of supply versus demand, they all seem to ... Their unemployment rate is exponentially high.” So, the big question is, just how much longer will these lower oil prices be making U.S. consumers smile?
    12/17/2014 - 10:41 am | View Link
  • Oil Prices Fall Below $55: 2015 Recovery Depends on Demand
    Now that gasoline prices are falling, demand for oil could grow further if consumers around ... that have a low cost structure or are on the supply side of the business. High-cost producers, such as shale drillers, are the greatest risk in today's ...
    12/16/2014 - 7:00 pm | View Link
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  • International Energy Agency
    As oil prices keep plunging, projections of short-term supply and demand balances stay the same - more or less - in the wake of OPEC's decision last month to leave ...
    12/19/2014 - 2:00 pm | View Website
  • Oil and Gas
    Latest news on oil prices, fracking, drilling, refining, and processing for gas.
    12/19/2014 - 4:05 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 ...
    12/19/2014 - 2:40 am | View Website
  • Price of oil
    The price of oil as quoted in news in North America generally refers to the WTI Cushing Crude Oil Spot Price West Texas Intermediate (WTI), also known as Texas Light ...
    12/19/2014 - 1:28 am | View Website
  • BusinessDay | Login
    Eko Disco announce 7-hours power outage - Ahmed presents N119.8bn budget for 2015 to Kwara Assembly - Gunboats belong to NIMASA not Tompolo - Navy - Jonathan condemns ...
    12/18/2014 - 10:29 pm | View Website
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