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
  • Morgan Stanley on Oil Prices: 'A Refinery-Driven Correction Is Upon ... - Yahoo! Finance
    Morgan Stanley Warns of Refinery-Driven Oil Price Correction as ... - Ship & Bunker
    07/25/2016 - 7:53 am | View Link
  • UPDATE 2-Schlumberger sees oil supply deficit if demand growth holds - Reuters UK
    Schlumberger sees ‘significant’ oil supply deficit if demand ... - Malay Mail
    07/22/2016 - 10:04 am | View Link
  • Cheap oil, soft U.S. demand to drag on Canadian economic growth: ... - Yahoo! News
    Cheap oil, soft U.S. demand to drag on Canadian economic growth: ... - Yahoo! Singapore
    07/21/2016 - 11:53 am | View Link
  • VEGOILS-Palm oil hits two-week top, further gains seen on strong ... - Yahoo! Finance
    VEGOILS-Palm oil hits two-week top, further gains seen on strong ... - Yahoo! Singapore
    07/21/2016 - 6:37 am | View Link
  • Halliburton signals better demand for fracking equipment - Yahoo! Finance
    Halliburton signals better demand for fracking equipment - Business Insider
    07/20/2016 - 3:09 pm | View Link
  • More
  • Why Oil Prices Are On A Crash Course This Fall
    Already the oil markets are dealing with record levels of oil and petroleum products sitting in storage, but a refining lull would put a major dent in oil demand. While the maintenance season is temporary, it could keep oil prices low for the next several ...
    07/26/2016 - 2:59 am | View Link
  • ONGC, Cairn India demand halving of cess on crude oil
    Oil and Natural Gas Corp (ONGC) paid Rs 4,500 per tonne cess on crude oil it produced from almost all its fields including prime Mumbai High, till February 2016 ... However, at the current oil prices, ONGC and other oil firms like Cairn are paying more ...
    07/26/2016 - 1:57 am | View Link
  • Morgan Stanley Warns of Refinery-Driven Oil Price Correction as Crude Slides Almost 3%
    ... trending below refined product demand for the first time in three years, coupled with gasoline stocks at a five-year high, Morgan Stanley warns that refineries are set to squeeze crude oil purchases and drag prices even lower than Monday's three-month ...
    07/25/2016 - 1:41 pm | View Link
  • Oil price drops to three-month low on oversupply fears
    and key product demand is decelerating," Morgan Stanley said in a note. On Friday, data showed the amount of US oil and gas extraction points had increased for the fourth week in a row. The slump in prices from as high as $115 per barrel in 2014 led many ...
    07/25/2016 - 12:21 pm | View Link
  • Brace yourself for a fall in oil prices: Morgan Stanley warns ‘correction is upon us’
    The global oil market is “severely oversupplied” with gasoline — with stocks at a five-year high — serving ... significantly on oil prices, which have been lifted in recent weeks by supply disruptions and healthy petrol demand in emerging markets.
    07/25/2016 - 5:54 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.
    07/22/2016 - 5:57 pm | View Website
  • What Determines Oil Prices? | Investopedia
    Not quite. The price of oil as we know it is actually set in the oil futures market. An oil futures contract is a binding agreement that gives one the right to ...
    07/22/2016 - 4:52 pm | View Website
  • Price of oil
    From 1999 til mid 2008, the price of oil rose significantly. It was explained by the rising oil demand in countries like China and India. In the middle of the ...
    07/22/2016 - 2:29 pm | View Website
  • Oil prices tumble 7% as fears of record high U.S ...
    Oil prices fell as forecasts called for record high U.S. crude stockpiles to grow more, and the latest global energy demand outlooks did not look strong enough to ...
    07/22/2016 - 11:02 am | View Website
  • Oil: prices, news and analysis
    OIL PRICES The oil industry is being shaped by one of the most dramatic price movements of recent times that has changed the corporate landscape for oil companies ...
    07/21/2016 - 7:38 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