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   
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ASK NEWS:
  • UPDATE 8-Oil jumps 2 pct despite glut, hits 2016 peaks on weak ... - Reuters UK
    Oil jumps 2 percent despite glut, hits 2016 peaks on weak dollar - Yahoo! Singapore
    04/28/2016 - 3:04 pm | View Link
  • Crude Oil Prices Rallied despite Rising US Crude Oil Inventory - Yahoo! Finance
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  • Nippon Steel, Sumitomo Corp renew 10-yr oil pipe contract with BP - Reuters UK
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  • Has the Oil Price Rally Gone Too Far? - Time
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BING NEWS:
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    With global oil demand seen growing by 1.2 million bpd this ... "It will depend on how high the price recovery will go and how long the level of prices will stay," he said. "Our analysis shows we need $60-$65 of oil prices in order to reverse the trends ...
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    During the trading session, the futures, considered to be the benchmark for crude oil prices in the USA, had traded up to a high of $45.18 per barrel ... overproduction, weak demand and a slowdown in the global economy. According to Fortune, Brent and ...
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  • Oil prices close in on $50 to hit 2016 high
    "If I could figure out why the crude oil prices are so high!" said James Williams of WTRG Economics. The IEA forecasts global oil-demand growth to moderate to around 1.2 million barrels a day in 2016, slower than the 1.8 million-barrels-a-day expansion a ...
    05/1/2016 - 11:30 am | View Link
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