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   
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    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
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  • The Most Bullish Indicator For Long-Term Oil Demand
    Airline traffic figures for 2017 are in, and they show high passenger traffic demand, with economic growth picking up ... Despite the rise in crude oil prices in recent months and the higher jet fuel prices that could soon translate into higher airfares ...
    02/17/2018 - 12:00 pm | View Link
  • With Foreign Reserves Rising 86% in 17 Months, Analysts Credit CBN’s FX Policy, Oil Prices
    His words: “The accretion in reserves does not only reflect increased inflow but also our shrewd forex demand management strategy ... sustained for as long as crude oil prices keep rising or maintains a relatively high level.”
    02/17/2018 - 11:01 am | View Link
  • Oil prices search for momentum, though inflation looms
    16 (UPI) --Crude oil prices were slightly lower in early Friday trading on competing narratives on global demand and inflationary pressures ... its production level in December reached an all-time high, attributing much of its gain to offshore Egypt.
    02/16/2018 - 1:18 am | View Link
  • Crude Oil's Correction Is Healthy For The Future
    However, oil turned around as economic growth provided increasing demand for energy ... Source: CQG As the weekly chart of the prices of WTI minus Brent futures shows, the premium for Brent hit a high of $7.35 per barrel in mid-December.
    02/15/2018 - 10:46 pm | View Link
  • Oil prices show volatility as Oklahoma companies report earnings
    Some oil traders may have been spooked earlier this week when the U.S. Energy Information Administration reported domestic oil production hit another record high ... to lower prices. Others, however, discount the concern, pointing to growing demand and ...
    02/15/2018 - 9:00 pm | 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.
    02/13/2018 - 11:55 pm | 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 ...
    02/11/2018 - 11:00 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 ...
    02/10/2018 - 1:00 pm | View Website
  • Peak oil demand and its implications for prices
    "Global oil demand is likely to continue growing for a period, driven by rising prosperity in fast-growing developing economies," they wrote in a paper ...
    01/19/2018 - 3:25 am | View Website
  • Oil prices lose grip on 3-year high, but score a third ...
    Oil futures fall Friday, losing a grip on the highest levels in three years, but prices still scored a third weekly gain in a row.
    01/5/2018 - 10:22 am | View Website
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