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
  • UPDATE 1-Oil prices steady as rising U.S. output undermines OPEC cuts
    SINGAPORE, Nov 21 (Reuters) - Oil prices were little changed on Tuesday as the impact ... OPEC is expected to agree to extend cuts as storage levels remain high despite recent drawdowns, although there are doubts about the willingness of some participants ...
    11/21/2017 - 4:25 am | View Link
  • Advantage Oil And Gas's Cost Advantages Are Fully Priced
    High pressure and thick pay explain how the company ... 2 of The Battle For Dawn series where I will expand upon the possibilities for a demand driven response to low gas prices as the Western Canadian natural gas supply glut moves south and east to ...
    11/21/2017 - 3:44 am | View Link
  • Stock futures gain on higher oil prices
    Canada's benchmark stock index edged up to a one-week high on Monday as financial and consumer discretionary shares gained ground, while energy and mining stocks were pressured by lower commodity prices ... underscoring strong demand for the deal partly ...
    11/21/2017 - 12:06 am | View Link
  • 3 Top Oil Stocks to Buy Right Now
    After the incredible collapse in oil prices from 2014 to early 2016 ... projects by signing up customers to long-term takeaway contracts that ensure a high level of demand. According to management, the company has already secured takeaway contracts ...
    11/20/2017 - 9:00 pm | View Link
  • Oil Prices: Is Another Tumble in the Forecast?
    Fueling that rebound has been accelerating demand and tame supply growth, which have combined to drain some of the market’s glut. That improvement recently pushed prices to a two-year high of $63 for the global benchmark (Brent) and $57 for the U.S. oil ...
    11/20/2017 - 1:54 am | View Link
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  • 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.
    11/20/2017 - 4:07 am | 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 ...
    11/19/2017 - 2:31 pm | View Website
  • Price of oil
    From 1999 til mid 2008, the price of oil rose significantly. It was explained by the rising oil demand in countries like China and India. In the middle of the ...
    11/19/2017 - 2:42 am | View Website
  • U.S. oil prices at 3-week high, gasoline ...
    U.S. oil prices see their highest finish in three weeks, while gasoline prices drop by nearly 3% as Gulf Coast refineries powered back up after the disruptions caused ...
    11/19/2017 - 1:52 am | 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 ...
    11/16/2017 - 6:24 pm | View Website
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