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
  • Oil ease as focus returns to oversupply, strong dollar adds pressure - Yahoo! Finance
    UPDATE 3-Oil eases as focus returns to oversupply - CNBC
    05/20/2016 - 12:15 pm | View Link
  • German Bonds Spurred by Stocks and Fed to 1st Weekly Drop in May - Bloomberg
    ... benchmark securities follow Treasuries lower Recovering oil and equity prices reduce demand for havens ... bunds touched a two-week high ...
    05/20/2016 - 6:06 am | View Link
  • Kilduff: Oil's bull run won't last—it's likely to fall back to $35 - Yahoo! Finance
    Kilduff: Oil's bull run won't last—it's likely to fall back to $35 - Yahoo! Singapore
    05/18/2016 - 1:25 pm | View Link
  • Why Crude Oil Prices Rose 84% since the Lows in February 2016 - Yahoo! Finance
    How Do Oil Rigs Interact with Crude Oil Prices? - Yahoo! Finance
    05/18/2016 - 9:43 am | View Link
  • Total CEO - Yahoo! Finance
    Total CEO: oil demand strong, year end too early for rebalancing - Philly.com
    05/18/2016 - 7:29 am | View Link
  • More
  • Cash Flow, $50 Oil, And The Oil Price Challenge Going Forward
    Only soaring demand can overwhelm growing supply and push oil prices to profitable levels. It remains to be seen how increased prices and the resultant rise in production can keep oil sustainably high. Now that the psychologically significant $50 level for ...
    05/28/2016 - 11:44 pm | View Link
  • Oil at 6-month high, edging towards $50
    "Falling production and rising demand are expected to wipe out the excess supply that sent us to 12-year lows". A combination of supply disruptions and a turnaround in the stance of a major investment bank boosted oil prices to a six-month high on Monday.
    05/28/2016 - 7:22 pm | View Link
  • Crude Oil Prices at Six Month High on Shortages
    Goldman's analysts Jeffrey Currie and Damien Courvalin said in a report unexpected supply disruptions and sustained demand resulted in a "sudden ... of crude oil from Nigeria have culminated in high prices in the worldwide market. Fresh evidence indicates ...
    05/28/2016 - 6:34 pm | View Link
  • Futures File: Traders send oil prices higher as they wait for OPEC to meet
    Sugar prices exploded near a two-year high this week, topping 17.5 cents per pound. Prices are rising as global demand stays strong in the face of shrinking supplies. Global sugar crops were hurt this year by the El-Nino phenomenon, which brought dry ...
    05/28/2016 - 6:04 pm | View Link
  • Oil prices retreat from $50 on oversupply concerns, stronger dollar
    "In the next few months oil prices could stay in the high $40-$50 mark". Crude has been rebounding ... "There's a little bit of demand but not like suddenly we've found a huge pocket of demand, we are not seeing that". A meeting of the Organisation of ...
    05/28/2016 - 2:57 pm | View Link
  • More
  • Latest 2016 Oil Prices And Best Profit Plays
    The latest on oil prices today, including what’s moving crude oil prices, expert oil market analysis, and 2016’s biggest oil price news and updates.
    05/26/2016 - 4:12 pm | View Website
  • Demand factors in the collapse of oil prices | Econbrowser
    The price of oil passed another milestone last week, falling below $50 a barrel, a level that I had not expected to see again in my lifetime.
    05/26/2016 - 4:05 pm | View Website
  • History and Analysis -Crude Oil Prices
    A discussion of crude oil prices, the relationship between prices and rig count and the outlook for the future of the petroleum industry. Introduction
    05/26/2016 - 1:49 pm | 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 ...
    05/25/2016 - 3:24 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 ...
    05/25/2016 - 4:04 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