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   
RELATED ARTICLES
  • 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
ASK NEWS:
  • Weak oil prices to continue, demand outlook bleak-industry - Reuters
    Weak oil prices to continue, demand outlook bleak-industry - Reuters Africa
    10/31/2014 - 7:45 am | View Link
  • Poll: Oil prices to sit low for another two years - Chatham Daily News
    ... and lacklustre demand have filled stockpiles around the world. A massive increase in high quality oil ... world's crude oil, to influence ...
    10/30/2014 - 11:16 am | View Link
  • WTI Crude Gains for Second Day as U.S. Inventory Growth Slows - Washington Post
    WTI Gains as Supply Grows Less Than Expected; Brent Rises - Bloomberg
    10/29/2014 - 1:50 pm | View Link
  • WRAPUP 1-Oil price slide drags down PetroChina and ... - Reuters
    WRAPUP 1-Oil price slide drags down PetroChina and CNOOC results - Reuters Africa
    10/29/2014 - 11:44 am | View Link
  • How Oil’s 29% Drop Took Investors by Surprise on OPEC Price War - Washington Post
    Why Oil Prices Went Down So Far So Fast - Bloomberg
    10/29/2014 - 7:46 am | View Link
  • More
YAHOO NEWS:
  • OPEC Oil Output Rises in October as Prices Tumble: Survey
    OPEC crude production rose to a 14- month high in October as oil futures sank into a bear market, a Bloomberg survey showed.
    10/30/2014 - 5:19 pm | View Link
  • Why Oil Prices Went Down So Far So Fast
    The reasons oil prices started sliding in June were hiding in plain sight: growth in U.S. After three-and-a-half months of slow decline, the tipping point for a steeper drop came on Oct. 1, said Ray Carbone, president of broker Paramount Options Inc. That's when Saudi Arabia cut prices for its biggest customers. "That, for me, was the giveaway," Carbone said in an Oct. 28 phone interview from ...
    10/30/2014 - 4:26 pm | View Link
  • Oil prices near $80. Is the US shale boom in trouble?
    Oil prices continue to drop, energy companies are taking on large amounts of debt, and some call into question rosy projections about a long-term US shale boom. Should we be concerned about the future of American oil and gas?
    10/30/2014 - 12:34 pm | View Link
  • Poll: Oil prices to sit low for another two years
    Consumers can expect at least another two years of low oil prices, a Reuters poll showed on Thursday, recording its biggest downgrade to forecasts since the global economic crisis.
    10/30/2014 - 9:49 am | View Link
  • Is the US oil boom in trouble?
    Oil prices have dropped, energy companies are taking on large amounts of debt, and some call into question rosy projections about a long-term US shale boom. Should we be concerned about the future of American oil and gas?
    10/30/2014 - 8:21 am | View Link
  • More
BING NEWS:
  • OPEC Boosts Oil Output as Prices Slide to Four-Year Low
    OPEC countries boosted oil output to a 14-month high in October as crude ... global supplies and sluggish demand. The group’s biggest producers, Saudi Arabia, Iraq, Iran and Kuwait, have cut their official selling prices, sparking speculation they ...
    10/31/2014 - 2:38 am | View Link
  • Weak oil prices to continue, demand outlook bleak
    A global supply glut and demand concerns have battered oil prices, wiping out a quarter of their value over four months and putting some high-cost energy projects at risk. Delegates attending one of Asia's biggest energy conferences in Singapore this week ...
    10/31/2014 - 1:56 am | View Link
  • Weak oil prices to continue, demand outlook bleak-industry
    A global supply glut and demand concerns have battered oil prices, wiping out a quarter of their value over four months and putting some high-cost energy projects at risk. Delegates attending one of Asia's biggest energy conferences in Singapore this week ...
    10/31/2014 - 12:39 am | View Link
  • Why cheap oil is bad for airlines
    “High oil prices are good for airlines,” Hunter Keay of Wolfe Research ... the temptation to flood the market with seats at a time when costs are low and demand is strong. Historically, airlines had a hard time controlling capacity.
    10/30/2014 - 10:34 pm | View Link
  • NYMEX crude oil weakens slightly in Asia with demand from China eyed
    Investing.com - Investing.com - Crude oil prices fell on Friday in Asia with the focus on demand prospects from major importers ... after hitting an overnight session low of $80.81 a barrel and off a high of $82.09 a barrel. The global Brent contract ...
    10/30/2014 - 2:06 pm | View Link
  • More
BING SEARCH:
  • Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil ...
    Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
    10/30/2014 - 12:10 pm | View Website
  • Buy Schaeffer Oil | Schaeffer Racing Oil Products For Sale ...
    Purchase Schaeffer Oil products online here or call our Buy Schaeffer Oil store. Find industrial oils, hydraulic fluids, diesel fuel additives & more!
    10/30/2014 - 10:08 am | View Website
  • Price of petroleum
    The price of petroleum as quoted in news in North America generally refers to the WTI Cushing Crude Oil Spot Price West Texas Intermediate (WTI), also known as Texas ...
    10/30/2014 - 6:19 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    10/30/2014 - 3:34 am | View Website
  • 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.
    10/30/2014 - 2:23 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