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
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    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
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    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
  • Commodities Fall to 8-Month Low as Brent Stays Below $100 - Bloomberg
    Commodities Fall to 8-Month Low as Brent Stays Below $100 - BusinessWeek
    09/10/2014 - 11:55 am | View Link
  • Brent Oil Drops to 17-Month Low as Excess Supply Seen; WTI Falls - Washington Post
    Brent Drops to 17-Month Low on Excess Supply; WTI Falls - Bloomberg
    09/10/2014 - 10:19 am | View Link
  • OPEC Cuts Demand Outlook by Most in 3 Years on U.S. Shale - Washington Post
    U.S. DOE Weekly Petroleum Status Report for Sept. 5 (Text) - BusinessWeek
    09/10/2014 - 9:55 am | View Link
  • Brent hits 16-month low below $99 on strong U.S. supply growth - Yahoo! Finance
    Brent edges up above $99, but demand worries linger - CNBC
    09/10/2014 - 6:23 am | View Link
  • THERMAL COAL-Prices fall as oil goes below $100 and China demand ... - Reuters Africa
    9/10/2014: METRO: Power woes: UP blames Centre again - Hindustan Times
    09/9/2014 - 11:44 am | View Link
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  • Crude Oil & Brent Oil Monthly Fundamental Forecast October 2014
    Crude Oil was weak most of the month on lower demand and high production with a global glut ... The drastic drop of the oil prices has coincided with the highest bullish trend by the US dollar, vis a vis the basket of hard currencies, since four years ...
    10/1/2014 - 2:53 am | View Link
  • Dollar surge triggers oil rout as Brent crude tumbles
    Oil prices have tumbled as the US dollar hit a new four-year high on the back of the strength of the world ... more expensive for buyers holding other currencies, which suppresses demand. However, concerns over the weakening Chinese economy as Beijing ...
    09/30/2014 - 10:08 pm | View Link
  • Oil Prices Fall on Growing Supply, Lowest Price in Nearly 2 Years
    The global Brent contract entered bear-market territory on Tuesday after OPEC oil supplies reportedly hit a two-year high, far surpassing demand. But oil prices also dropped for technical reasons as traders bought and sold contracts to reconcile their ...
    09/30/2014 - 11:40 am | View Link
  • Oil Prices Set to Stay Weak as Supply Overwhelms Demand
    Even U.S. refiners, which ran at unusually high rates this summer ... who expects Brent prices to trade below $100 a barrel, on average, for the rest of the year. "Demand needs to come back." ARTICLES 1 Study: Half of Wildlife Lost Since 1970 Twitter ...
    09/30/2014 - 10:34 am | View Link
  • Oil Prices Falling On High Dollar, Weak Global Manufacturing And Surging Production
    A high dollar weighs down crude prices because oil is measured worldwide in dollars, and when the dollar strengthens, oil becomes more expensive for buyers using foreign currencies, suppressing demand.
    09/30/2014 - 9:28 am | View Link
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  • Commodity Market,Prices | MCX,NCDEX,NMCE | Gold/Silver ...
    Commodity Online provides Latest News on commodities. Get live Commodity Prices, Market Data, Forecasts, Commodity Futures prices Recommendations & Spot Market Rates.
    10/1/2014 - 2:57 am | 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.
    09/30/2014 - 11:15 pm | View Website
  • Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil ...
    Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
    09/30/2014 - 10:01 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 ...
    09/30/2014 - 7:59 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    09/30/2014 - 5:14 am | View Website
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