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
  • There Is No Such Thing As Peak Oil Demand
    High prices persisted long enough for the industry in the U.S ... Al-Naimi argued long ago and what Shell Oil has more recently asserted, namely that peak demand will occur long before peak supply. Related: Dakota Access Pipeline Loaded And Ready For ...
    03/28/2017 - 2:52 pm | View Link
  • MARKET WATCH: NYMEX crude oil prices volatile on supply-demand concerns
    But crude prices for the US benchmark edged up in early ... OPEC compliance with the production targets has been high while world economic growth supports strong demand growth, Goldman’s said. “We believe that the rebalancing of the oil market is ...
    03/28/2017 - 4:05 am | View Link
  • Will Crude Oil Prices Recover from Almost a 4-Month Low?
    However, crude oil (XLE) (ERY) (ERX) prices hit a 20-month high on February 23, 2017 ... In this series, we’ll look at US crude oil production, refinery demand, imports, and inventories. We’ll also look at gasoline inventories. We’ll start by ...
    03/28/2017 - 2:03 am | View Link
  • Global Oil Demand Growth Will Slow Significantly In 2017
    Current oil demand forecasts for 2017 is too high and does not take into account the strong dollar's effect on global retail prices. We expect oil demand growth to be around 1mmbd in 2017, around 400,000bpd lower than current forecasts. Any reduction in ...
    03/27/2017 - 1:29 am | View Link
  • Oil prices edge higher ahead of OPEC meeting
    The global crude oil prices ... supply remains high and the market appears stuck. Domestic crude production increased 0.23 percent to 9.1 million barrels a day - the highest level since February 2016. Shale oil output has increased, and demand has slowed ...
    03/26/2017 - 4:05 pm | View Link
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  • 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 ...
    03/27/2017 - 4:06 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.
    03/26/2017 - 12:42 pm | View Website
  • History and Analysis -Crude Oil Prices
    A discussion of crude oil prices, the relationship between prices and rig count and the outlook for the future of the petroleum industry. Introduction
    03/25/2017 - 4:11 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 ...
    03/25/2017 - 8:40 am | View Website
  • Gasoline Demand Rose for 2 Weeks, Impacted Crude Oil ...
    US gasoline demand rose for two consecutive weeks. The rise in gasoline demand is bullish for gasoline and crude oil (SCO) (VDE) (DIG) (BNO) prices.
    02/23/2017 - 1:42 am | View Website
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