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
  • Commodities
    Elsewhere, Brent oil for November delivery on the ICE Futures Exchange in London was up 14 cents or about 0.25% at $55.62 a barrel, not far from last Thursday's five-month high of $55.98. Oil prices remained supported by last week's bullish demand ...
    09/19/2017 - 7:55 pm | View Link
  • RSP Permian: Rising global demand will boost prices
    Citing forecasts that have global demand reaching 100 million barrels a day in the ... up this year but that’s because new projects that were commissioned when prices were high are coming online. But there aren’t any new projects.
    09/19/2017 - 5:03 pm | View Link
  • Oil near five-month high as Middle East producers stick to cuts
    AMSTERDAM (Reuters) - Oil prices ... month high of $55.99. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 34 cents at $50.25. Sentiment has been buoyed since last week when the International Energy Agency (IEA) lifted its 2017 demand ...
    09/19/2017 - 4:19 pm | View Link
  • OPEC Finds Success at Last, But Oil's Revival May Be Short-Lived
    Crude prices have rebounded to a three-month high and the world’s bloated fuel inventories ... Yet as U.S. shale oil continues to thrive and seasonal demand wanes, the surplus that has weighed on markets for three years looks set to come back.
    09/19/2017 - 4:01 pm | View Link
  • Crude Oil Prices Remain Bid as Iraq Hints at More OPEC Measures
    At the same time, the International Energy Agency (IEA) warned that ‘there is at least a possibility of going back to the situation we had 10 years ago where oil prices were very, very high at a time when demand was growing’ as the group raises its ...
    09/19/2017 - 4:15 am | View Link
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  • Crude oil prices up amidst higher global demand, Nigeria ...
    By Julia Simon. NEW YORK: Oil prices rose slightly in volatile trading as the market weighed lower U.S. crude stocks, Nigerian instability and strong global demand ...
    09/18/2017 - 2:40 am | 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 ...
    09/17/2017 - 10:15 pm | View Website
  • Crude Oil Prices
    Expectations of firm demand for crude have continued to provide significant support for oil prices over the past 24 hours with benchmark prices hitting...
    09/17/2017 - 3:13 pm | View Website
  • Crude Oil Prices Today | OilPrice.com
    Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice
    09/17/2017 - 1:25 pm | View Website
  • Oil prices hit 11-week high as Opec raises demand forecast
    Crude prices hit 11-week highs on Thursday as Opec raised global oil demand forecasts for this year and next while lowering estimates for production outside of the ...
    08/10/2017 - 11:19 am | View Website
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