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   
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    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
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  • Oil steady, but down for the week as glut worries face OPEC cuts
    NEW YORK Oil prices ended steady on Friday but lower on the week ... Rising U.S. output helped boost crude and gasoline inventories to record highs last week, amid faltering demand growth for the motor fuel. The oil market was also pressured by a second ...
    02/17/2017 - 8:45 am | View Link
  • Oil prices drop as oversupply concerns overshadow OPEC cuts
    NEW YORK: Oil prices slipped on Friday ... In Asia, oil inflows remained as high as they were before the production cuts, Thomson Reuters data showed, with exporters fighting for market share. There were signs of faltering demand growth in core markets ...
    02/17/2017 - 6:16 am | View Link
  • Oil Prices Slip as High Stocks Overshadow OPEC Cuts
    But inventories and supplies remain high, especially in the ... Friday in a note to clients. "If oil prices stay around $60 per barrel and GDP (gross domestic product) growth over 3 percent per annum, then oil demand growth will be stronger over the ...
    02/17/2017 - 1:56 am | View Link
  • Summer Is Looking Bright for Oil Prices
    Seasonal demand dynamics are looking up for oil prices. But there are downside risks to U.S. natural ... oil drilling is expected to send U.S. oil production to a 48-year high. The report was understandably bearish for crude oil prices, but natural gas ...
    02/15/2017 - 11:21 pm | View Link
  • Record High Oil Inventories Crush Hopes For $70 Oil
    Heading into 2017, there was a broad consensus that global oil production would fall below demand in the first half of the year ... That is a new record high, blowing past the record set last year at 512 million barrels. Oil inventories are higher than ...
    02/15/2017 - 9:08 pm | View Link
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  • Gas Prices Explained
    The rise and fall in gasoline and diesel prices directly relates to the cost of crude oil and the global demand for crude on the worldwide market.
    02/16/2017 - 4:31 pm | View Website
  • Breakdown of gas prices (video) | Khan Academy
    Where the dollars at the pump go ... If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked.
    02/16/2017 - 8:53 am | View Website
  • Crude Oil Prices
    Read the latest crude oil price and futures news and market commentary, along with industry reports and data that affect the oil market.
    02/14/2017 - 9:52 am | View Website
  • New Oil Prices Forecast And Charts For 2017
    Crude oil prices ended 2016 on a high note, and we see the price of oil headed even higher in 2017. Here’s what will move oil prices this year.
    02/12/2017 - 8:50 am | View Website
  • Oil Prices and Outlook
    Crude oil prices are determined by global supply and demand. Economic growth is the biggest factor that affects demand. Growing economies require energy, and the ...
    02/12/2017 - 12:00 am | View Website
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