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
  • Commodity Prices Inch Down in July: Scotiabank - Reuters
    ... deliveries could be on the high side ... higher soybean plantings and robust coffee prices -- and a modest pick-up in demand from palm oil ...
    08/27/2014 - 8:21 am | View Link
  • Natural Gas Liquids Challenging Oil as Petrochemical Feedstock in ... - Morningstar.com
    Natural Gas Liquids Challenging Oil as Petrochemical Feedstock in ... - Minyanville
    08/27/2014 - 8:20 am | View Link
  • Palm Seen by Mistry at Risk of Decline as Prices Drop to ’09 Low - BusinessWeek
    Palm Seen by Mistry at Risk of Dropping Toward Output Costs - Bloomberg
    08/27/2014 - 7:24 am | View Link
  • Natural gas futures rise to 2-week high on demand outlook - Jerusalem Post
    Prices rose to a daily high of $4.019 earlier, the most since August ... U.S. through September 4. Demand for ... Elsewhere on the Nymex, crude ...
    08/26/2014 - 12:47 pm | View Link
  • Brent Poised For Another Weekly Loss - Yahoo! Finance
    ... reached a 28 year high this month due ... as the shale oil boom has been meeting the country’s demand needs. ... To Weigh On Brent Prices ...
    08/22/2014 - 11:05 am | View Link
  • More
  • Downward trend to rule over Coconout Oil, Copra prices after festivals
    Coconut oil demand touched a record high and the price has more than doubled since last year. The surge in local demand in Kerala is mainly due to the festival Onam. The market is steady this week with prices at Rs. 16,500 a quintal in Kerala and Rs.
    08/26/2014 - 6:47 pm | View Link
  • Precious metals, crude oil to trade lower in coming fortnight
    On the production front, OPEC output rose to a five-month high above 30 million barrels per day (bpd ... tracking weakness in edible oilseeds while mustard meal export demand supported prices at lower levels. Soy oil and CPO were the biggest losers ...
    08/26/2014 - 6:29 am | View Link
  • Crude Oil Ends Lower On Demand Growth Concerns
    Crude prices for October delivery scaled a high of $93.95 a barrel intraday and a low of $93.05. On Friday, crude oil futures ended lower amid concerns over a likely fall in demand, notwithstanding some upbeat economic data out of the U.S. and a bigger ...
    08/25/2014 - 8:58 am | View Link
  • Oil prices head lower on oversupply worries
    NEW YORK: Oil prices retreated on Friday (Aug 22 ... US oil product imports plunged to a 33-year low despite distillate demand achieving a seven-year high, illustrating the impact of increasing shale-oil production on the US market, Commerzbank said.
    08/23/2014 - 1:25 am | View Link
  • Japan's peak summer gasoline demand falls to 6-year low on high prices
    Japan's gasoline demand during last week's peak summer travel period fell below the 1-million-kiloliter (6.29-million-barrel) mark for the first time during the Obon holiday week since 2008, according to the Oil Information Center. The lower-than-expected ...
    08/19/2014 - 11:02 pm | View Link
  • More
  • 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.
    08/27/2014 - 4:29 am | View Website
  • Oil & Gas Journal- Oil and Gas News, Prices, Oil Drilling ...
    Oil & Gas Journal- Oil, Gas, and Petroleum news and resources. Topics include oil and gas exploration, drilling, refining, and processing. The latest oil and gas news ...
    08/26/2014 - 10:02 pm | View Website
  • International Energy Agency
    Crude prices fell in July and early August as weak OECD refinery runs in June offset concerns about escalating conflicts in Iraq, Libya and Ukraine.
    08/26/2014 - 6:35 pm | View Website
  • 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.
    08/26/2014 - 2:53 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.
    08/26/2014 - 10:35 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News