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
  • U.S. economy less exposed to oil price shocks
    "In a global market that is in relative oil supply/demand balance ... U.S. consumer fuel prices are moving lower alongside declines in the price for oil, but will likely stay high by relative terms for the summer, analysts said. Alaska's governor to ...
    06/19/2018 - 10:41 pm | View Link
  • Iran says Trump responsible for high oil prices: Shana
    Iran oil minister Bijan Zanganeh says the real responsibility for the current oil price hike lies with the U.S. President - Shana * Zanganeh says the reason behind the current high oil prices is not a lack of balance between supply and demand * Iran’s ...
    06/19/2018 - 10:34 pm | View Link
  • Oil Prices Edge Higher Ahead Of U.S. Inventory Data
    Investing.com - Oil prices edged higher on Wednesday, as investors looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world ... is currently at an all-time high of 10.9 million barrels per ...
    06/19/2018 - 9:16 pm | View Link
  • The Fed Is Driving Down Oil Prices – Analysis
    The IEA said last week that oil demand is set to grow by 1.4 million barrels per ... In Brazil, crippling protests over high fuel prices paralyzed the country – prices were particularly painful for the truckers staging the strikes because Brazil ...
    06/19/2018 - 5:43 pm | View Link
  • Fitch: Defaults continue in US energy, despite higher oil prices
    robust demand growth, and heightened geopolitical tensions, including the renewal of US oil sanctions on Iran. Higher oil prices, the firm said, “are expected to provide significant relief for high-yield E&P companies, as higher realized prices improve ...
    06/19/2018 - 9:45 am | View Link
  • More
  • How to Deal with High Oil Prices?
    Antara Sen said: (Jun 1, 2018) : Hi, The best way to deal with high oil prices will be to increase domestic crude oil production and decrease the quantity of crude oil imports.
    06/16/2018 - 8:06 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 the petroleum industry.
    06/16/2018 - 6:40 pm | View Website
  • New Oil Prices Forecast And Charts For 2017
    Four Oil Price Catalysts in 2018. First, the fundamentals of the oil market are strengthening. What we mean is that a balance between supply and demand is forming, creating a floor for oil prices and room for them to expand higher.
    06/16/2018 - 5:28 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 financial crisis of 2007–2008, the price of oil underwent a significant decrease after the record peak of US$147.27 it reached on July 11, 2008.
    06/16/2018 - 1:25 pm | View Website
  • Oil demand, OPEC create ‘perfect recipe’ for higher prices ...
    President Trump on Friday slammed OPEC on Twitter for creating “artificially high” oil prices and said the efforts would “not be accepted.”
    06/16/2018 - 9:00 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