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 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
  • 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
  • Valero
    Demand for oil products could be on the rise in 2017 ... Equity prices are historically expensive these days We are living in a world where stock prices are historically high. After years of low interest rates, many stocks are trading at all-time highs ...
    01/18/2017 - 4:21 am | View Link
  • OPEC sees smaller oil glut in 2017 but flags U.S. shale recovery
    LONDON OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply ... as higher oil prices following supply cuts by other producers support increased shale drilling.
    01/18/2017 - 4:12 am | View Link
  • OPEC sees weaker appetite for its crude as cut deal kicks in
    OPEC expects demand for its own crude to fall this year but is mindful ... But it remains wary that US oil production could start "improving" as higher oil prices start to feed through to stronger rig counts and cash flows. "The number of drilling rigs ...
    01/18/2017 - 3:57 am | View Link
  • $25 trillion investment needed to meet future oil demand
    According to the CEO of Saudi Arabia’s giant state-held oil company, global demand for oil and gas will still grow in the coming decades, so if capital investment drops, it could create “spikes” in prices and ... reaching as high as $50 billion.
    01/17/2017 - 9:07 pm | View Link
  • Oil prices edge up on production-cut optimism
    In 2016, China’s crude imports hit a historical high at 7.65 million barrels a day, a 14% on-year growth. Analysts say robust demand by local refineries ... the global overhang in order to raise oil prices and spur more investments.
    01/17/2017 - 5:38 pm | View Link
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  • 2000s energy crisis
    Demand. World crude oil demand grew an average of 1.76% per year from 1994 to 2006, with a high of 3.4% in 2003–2004. World demand for oil is projected to increase ...
    01/13/2017 - 7:20 pm | View Website
  • What Is Driving Oil Prices? Real-world Demand and Supply
    What Is Driving Oil Prices? Real-world Demand and Supply. ... "Speculation" refers to engaging in financial transactions that involve a high degree of risk.
    01/10/2017 - 8:32 am | View Website
  • Oil Market Report
    Global oil demand growth of 1.4 mb/d ... These high -cost producers, who ... weeks will be crucial in determining if the production cuts are being implemented and ...
    01/9/2017 - 9:12 pm | View Website
  • What Makes Oil Prices So High?
    Oil prices rose in 2016 after a 40% drop in 2014 for three reasons. How the cause of today's high oil prices differ from those in the recent past.
    01/8/2017 - 8:52 pm | View Website
  • Short-Term Energy Outlook
    Petroleum & Other Liquids. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas
    01/6/2017 - 4:58 pm | View Website
  • More

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