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
  • European shares edge lower, commodity stocks weigh - Yahoo! Finance
    Wall Street falls on corporate poor earnings - Buenos Aires Herald
    07/31/2015 - 7:03 am | View Link
  • OPEC says oil should not fall further, sees stability in 2016 - Reuters India
    OPEC welcomes lifting of Iran's sanctions - Islamic Republic News Agency
    07/30/2015 - 1:32 pm | View Link
  • Crude Oil Rises on Unexpected U.S. Stockpile Decline--2nd Update - Morningstar.com
    Oil rises on unexpected US stockpile drop - Geelong Advertiser
    07/30/2015 - 10:37 am | View Link
  • INTERVIEW-Marathon: Alkylation can satisfy higher octane demand - Reuters
    INTERVIEW-Marathon: Alkylation can satisfy higher octane demand - Reuters India
    07/30/2015 - 4:34 am | View Link
  • Oil Prices Touch 4-Month Lows as China Stocks Rout Adds to Bearish ... - Morningstar.com
    Oil price hits lowest in 4 mths on China rout - Daily Telegraph Australia
    07/28/2015 - 7:49 am | View Link
  • More
  • Oil plunges to biggest monthly slump in nearly seven years
    Prices have slid more than 20 per cent from this year’s high on May 6, meeting a common definition of a bear market. The European benchmark crude traded at a premium of $5.03 to WTI. Iran plans to double exports, IRNA reported, citing oil minister Bijan ...
    08/2/2015 - 7:16 pm | View Link
  • Saudis to raise September oil price, but wary of losing market share
    Still, raising prices when Asian refiners are cutting runs because of weak margins could hurt demand for Saudi oil, the traders and analysts said ... said they are cutting crude runs in August on high products stocks.Saudi crude OSPs are usually released ...
    08/2/2015 - 6:48 pm | View Link
  • Low oil prices continue to benefit Asian emerging markets
    Oil prices are expected to remain volatile but are not expected ... and now stand at an 80-year high. On the demand side, slowing growth in China and in the OECD region will also curb further increases in the price of oil. Quintana concluded: “Overall ...
    08/2/2015 - 1:06 pm | View Link
  • Here's why petrol prices are still so high in Australia even though crude oil is crashing
    Crude oil ... prices have surged, it’s hard not to reach the conclusion “because they, refiners, can”. Smirk say that perhaps some of the increase can be explained by “the closure of most of Australia’s oil refineries has led to an increase in ...
    08/2/2015 - 8:44 am | View Link
  • Extended slump in oil taking toll on industry, economy
    A surge in oil and gas production brought on by technological advances and high prices in recent years has flooded the ... Europe and a shake-up in Chinese financial markets is reducing demand growth in the world's second- largest oil consumer.
    08/2/2015 - 2:21 am | View Link
  • More
  • 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.
    08/1/2015 - 6:11 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.
    08/1/2015 - 10:18 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 ...
    08/1/2015 - 12:53 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 ...
    07/31/2015 - 6:19 pm | View Website
  • Seven Questions About The Recent Oil Price Slump ...
    By Rabah Arezki and Olivier Blanchard[1] (Versions in عربي, 中文, Français, 日本語, Русский, and Español) Oil prices have plunged recently ...
    07/31/2015 - 1:19 pm | 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