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 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
  • Trump Targets OPEC: Oil Prices 'Artificially Very High, Not Accepted'
    High gasoline prices are problematic politically and hurt economic growth ... it will backfire because they will fuel higher production levels, and will moderate demand growth, eventually creating another glut. Disclosure: I/we have no positions in ...
    04/21/2018 - 12:39 pm | View Link
  • Trump puts higher oil prices in crosshairs
    Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fueling an “artificially Very High” cost for ... Global oil demand likely climbed by 2.6 million barrels ...
    04/21/2018 - 11:06 am | View Link
  • Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High
    “Oil prices are artificially Very High! No good and will not be accepted ... which are being affected by everything from geopolitics to the growing demand for gasoline and diesel fuel. Mr. Trump could have been referring to OPEC’s cutback in ...
    04/21/2018 - 7:34 am | View Link
  • Signs of higher inflation are popping up everywhere
    Oil prices just hit a 3 1/2-year high and American businesses say they are paying more ... The strongest global economy in years is driving up demand for energy, for one thing. OPEC is trying to keep production down to prop up prices.
    04/21/2018 - 1:33 am | View Link
  • Oil ends modestly higher, posts a second straight weekly gain
    Trump (@realDonaldTrump) April 20, 2018 ‘”They are ‘artificially’ high. If they were not a quasi ... reduce the inventory overhang, higher prices should increase investment in upstream to meet future demand,” he said. “OPEC members realize ...
    04/20/2018 - 3:46 am | View Link
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  • Oil and Gas,Petroleum,Energy,News,Projects
    Oil and gas energy pipelines Onshore Offshore new projects wells petroleum Refinery ministry new LPG LNG Natural gas rigs products exploration Projects
    04/17/2018 - 3:40 pm | View Website
  • 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 37% over 2006 levels by 2030, according to the 2007 U.S. Energy Information Administration's (EIA) annual report.
    04/16/2018 - 5:43 pm | View Website
  • History and Analysis -Crude Oil Prices
    A discussion of crude oil prices, the relationship between prices and rig count, the recent decline in crude oil prices and the outlook for the future of the petroleum industry.
    04/14/2018 - 9:06 pm | 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 how this entire listing of quantities at various prices would evolve over time.
    04/14/2018 - 10:08 am | View Website
  • Oil prices end near 7-week high on surprise declines in U ...
    Oil prices climb Wednesday to settle at their highest level in nearly seven weeks after a surprise weekly decline in U.S. crude inventories.
    03/21/2018 - 11:12 am | View Website
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