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.

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Topics:  energy   oil   oil cartel   oil prices   opec   supply and demand   
  • Keystone XL pipeline to be delayedKeystone 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
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    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
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    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-Meat and dairy to eclipse biofuel in agriculture demand - Reuters
    UPDATE 1-Meat and dairy to eclipse biofuel in agriculture demand - ... - CNBC
    07/1/2015 - 1:20 pm | View Link
  • Red-hot fuel demand can't shore up the oil price alone - Yahoo! Finance
    Red-hot fuel demand can't shore up the oil price alone - Reuters UK
    07/1/2015 - 9:03 am | View Link
  • OPEC Crude Oil Production Hits Three-Year High - Individual.com
    ... reduce crude oil production due to the drop in prices, OPEC's daily output climbed to a three-year high ... since June 2014 was boosting demand ...
    07/1/2015 - 6:54 am | View Link
  • Asia’s Growing Appetite for Meat, Milk Seen Driving Up Costs - Bloomberg
    ... economies will increase demand for ... Meat, milk, butter and cheese prices will be high relative to grains and ... in oil will reduce ...
    07/1/2015 - 6:24 am | View Link
  • Canada Household Confidence Reaches 5-Week High on Real Estate - Washington Post
    Canada Household Confidence Reaches 5-Week High on Real Estate - Bloomberg
    06/29/2015 - 10:38 am | View Link
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  • Plastics companies stretched by rising prices
    “What was initially a windfall from lower oil prices has actually turned into a moment of intense ... airlines are unlikely to cut fares significantly while demand is high in the busy summer peak season. “At current prices airlines are getting high ...
    06/30/2015 - 9:48 pm | View Link
  • Hyundai yards, DSME to gain from cheaper oil
    has risen to a six-year high of USD47,500/day. Suezmax tanker rates have risen to USD33,800/day, and Aframax tanker rates are at USD27,000/day, almost double their breakeven rates. Lee said, "Low oil prices invited a sharp recovery in oil demand ...
    06/30/2015 - 9:43 pm | View Link
  • Oil And Gas Prices Following Fundamentals
    Crude oil gained in the Asian session as traders bought up the cheap commodity, which plunged to 58.30 on Tuesday. In the morning US oil prices moved to trade at ... of 2.000 million barrels. However, demand was also up with refinery crude runs rising ...
    06/30/2015 - 6:04 pm | View Link
  • OPEC oil output hits three-year high in June on Iraq: Reuters survey
    OPEC at a meeting on June 5 kept its policy unchanged, amid signs that the near-halving of oil prices since June 2014 was boosting demand and putting a dampener on the U.S. shale boom. If the total remains unrevised, June's supply would be OPEC's highest ...
    06/30/2015 - 6:33 am | View Link
  • OPEC Oil Output Hits 3-Year High in June on Iraq: Survey
    London: Organization of the Petroleum Exporting Countries oil supply in June has climbed to a three-year high due to record or near ... amid signs that the near-halving of oil prices since June 2014 was boosting demand and putting a dampener on the US ...
    06/30/2015 - 3:14 am | View Link
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  • Crude Oil Price, Oil, Energy, Petroleum, Oil Price, WTI ...
    Crude Oil Prices Charts. Latest News on Oil, Energy and Petroleum Prices. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry.
    06/30/2015 - 7:17 pm | View Website
  • Commodities
    Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney.
    06/30/2015 - 8:26 am | View Website
  • World Sets New Oil Production and Consumption Records
    Also, the growing production of biofuel has a good impact upon spiking oil prices. Back out the consumption side which is provided by 1.7 mbpd biofuel and realize ...
    06/30/2015 - 8:19 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 ...
    06/30/2015 - 5:41 am | View Website
  • Price of oil
    The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil. In North America this generally refers to the WTI Cushing ...
    06/29/2015 - 12:16 pm | View Website
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