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 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
  • Goldman Sachs warns global oil demand could peak as early as 2024
    SINGAPORE, July 24 (Reuters) - Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices ... (IMO) on high sulphur fuel oil ...
    07/24/2017 - 4:56 pm | View Link
  • World oil demand could peak in 2024 on higher vehicle efficiency -Goldman Sachs
    Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices ... Maritime Organisation (IMO) on high sulphur fuel oil is also ...
    07/24/2017 - 1:46 pm | View Link
  • Why Bullish Chinese Demand Is Set To Lift Oil Prices
    An abnormally large refining maintenance season in China and declining manufacturing PMI data was partially responsible for unusually weak global oil demand in the first half of 2017, tempering prices ... Despite the high crude imports, China (and Asia ...
    07/24/2017 - 7:31 am | View Link
  • W. Africa Crude-Demand firm, Nigerian oil sails to the U.S.
    (AP Photo/Sunday Alamba, file) LONDON, July 24 – Strong demand continued for Angolan oil ... As a result, offer levels for grades such as Forcados had reached as high as dated Brent +$1.35, and Qua Iboe offered even above that level.
    07/24/2017 - 6:42 am | View Link
  • Saudis Focus on Oil-Export Curbs as Libya, Nigeria Pump More
    Libya is allowed to keep increasing and plans to raise output as high as 1.25 million barrels ... The group is still betting that rising demand will help to rapidly deplete fuel stockpiles and buoy prices in the second half. That could prove to be a ...
    07/24/2017 - 12:09 am | View Link
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  • oil prices
    19 Hours Ago *U.S. crude stocks, high OPEC supplies pressure market. LONDON, July 20- Brent crude oil rose above $50 per barrel for the first time since early June on ...
    07/22/2017 - 5:00 am | View Website
  • New Oil Prices Forecast And Charts For 2017
    Crude oil prices ended 2016 on a high note, and we see the price of oil headed even higher in 2017. Here’s what will move oil prices this year.
    07/21/2017 - 11:24 pm | View Website
  • History and Analysis -Crude Oil Prices
    A discussion of crude oil prices, the relationship between prices and rig count, the recent decline in crude oil prices and the outlook for the future of ...
    07/21/2017 - 10:55 pm | View Website
  • 2000s energy crisis
    Demand. World crude oil demand grew an average of 1.76% per year from 1994 to 2006, with a high of 3.4% in 2003–2004. World demand for oil is projected to increase ...
    07/21/2017 - 5:09 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 ...
    07/20/2017 - 4:37 pm | View Website
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