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.

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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
  • Uncertainty about China hangs over oil rebalancing - Reuters
    COLUMN-Uncertainty about China hangs over oil rebalancing: Kemp - Reuters India
    10/2/2015 - 11:11 am | View Link
  • U.S. Auto Sales Reach 10-Year High - Time
    A combination of Labor Day and low oil prices created high demand.
    10/1/2015 - 11:50 am | View Link
  • UPDATE 1-Brazil ethanol mills benefit from Petrobras gasoline price ... - Reuters
    UPDATE 1-Brazil ethanol mills benefit from Petrobras gasoline price ... - Philly.com
    09/30/2015 - 3:41 pm | View Link
  • Global Fish Oil Market Is Expected To Reach USD 3,300.0 Million By ... - Yahoo! Finance
    Global Fish Oil Market Is Expected To Reach USD 3,300.0 Million By ... - Minyanville
    09/29/2015 - 1:51 pm | View Link
  • Oil Falls to Two-Week Low as Chinese Data Signals Weaker Demand - Washington Post
    Oil Falls to Two-Week Low as Chinese Data Signals Weaker Demand - Bloomberg
    09/28/2015 - 3:31 pm | View Link
  • More
  • Crude Oil Prices Hit a 4-Week High Led by Slowing US Production
    Prices rose due to slowing US production and rising retail demand. ETFs like the United States Oil Fund LP (USO) and the ProShares Ultra DJ-UBS Crude Oil (UCO) also rallied in the direction of US crude oil prices in Tuesday’s trade. These ETFs rose by ...
    10/7/2015 - 11:54 am | View Link
  • Stocks Climb Back, Oil Prices Shed Gains
    Oil prices, which had rallied more than 2% ahead of the EIA data ... but the Adobe guide cut had more to do with FX and its subscription transition (vs. poor demand),” Shover said. “It is still way too early in the Q3 season to draw any firm ...
    10/7/2015 - 11:17 am | View Link
  • Oil Prices Sink In Third Quarter
    Global production of oil and oil products remains at high levels despite low prices ... the strong response of U.S. consumers to lower gasoline prices. Preliminary estimates of U.S. gasoline demand in the third quarter average 9.4 mb/d, 2.7 percent ...
    10/7/2015 - 9:44 am | View Link
  • A Key Indicator Low Oil Prices Are Lifting Demand
    Rates are reportedly running especially high for VLCCs sailing from the Persian Gulf ... This development also suggests that currently-low global oil prices are lifting demand. With market sources saying strong buying interest for VLCCs is also coming ...
    10/7/2015 - 7:53 am | View Link
  • UPDATE 6-Oil steady as market tightens despite stock draw
    The U.S. government's Energy Information Administration (EIA) said in a monthly report global oil demand should increase by ... companies are losing money with oil prices so low. Brent rose $1.23 a barrel to a high of $53.15 on Wednesday before falling ...
    10/7/2015 - 7:27 am | View Link
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  • Crude Oil Prices Tumble As High Supply, Low Demand Collide
    West Texas Intermediate crude oil prices are down 20% from their June highs, and so far there are few signs of stopping. A combination of increasing supplies ...
    10/9/2015 - 7:52 am | View Website
  • Why Oil Prices Are So High
    Oil prices starting rising in 2015, as oil production fell in response to lower prices. The number of drilling rigs declined 44% in the first quarter.
    10/9/2015 - 6:33 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 ...
    10/8/2015 - 6:59 pm | View Website
  • Growing demand for fertilizer keeps prices high : Beyond ...
    Steadily growing global demand for grain crops has generated higher crop prices and increased demand for fertilizers, particularly imported fertilizers.
    10/8/2015 - 4:43 pm | View Website
  • Ten Reasons Why High Oil Prices are a Problem | Our Finite ...
    A person might think from looking at news reports that our oil problems are gone, but oil prices are still high.
    10/8/2015 - 4:00 pm | View Website
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