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Oil Demand

Why Oil Prices Are Dropping Despite Mideast Unrest

Jeffrey Rubin | Posted 11.22.2014 | Business
Jeffrey Rubin

Does today's disconnect between global oil markets and the chaos that's gripping the region signal an end to the era of triple digit oil prices? If so, what are the consequences for North America's oil industry?

America's Weakening Thirst for Oil Is Houston's Growing Problem

James Turner | Posted 12.16.2012 | Business
James Turner

Oil companies have a secret. Or rather, there's a crucial fact that they'd prefer you didn't know. Right now it's taken as gospel that America needs increasing amounts of oil, and that drilling here in the U.S. will help provide it.

$5 Gallon: The Romney-Koch Price of Gas

Carl Pope | Posted 10.24.2012 | Green
Carl Pope

So much for cheap oil and low tax Republicans -- the Koch Brothers made sure there wouldn't be anything in the Romney platform for drivers -- or the US economy.

Oil Slicks: Who Benefits From Gambling on Gas Prices?

Richard (RJ) Eskow | Posted 04.23.2012 | Politics
Richard (RJ) Eskow

We can't know for sure what's behind these oil prices. But what we can know is that we don't know -- and that our government should have the resources to track these markets and intervene when they're being misused.

OPEC: Worldwide Oil Demand Will Continue To Grow

AP | Posted 10.09.2011 | Business

VIENNA -- World demand for oil will grow this year and next despite signs that the tepid international economic recovery is running out steam, OPEC sa...

Oil Demand Outweighing Supply, OPEC Says

Posted 08.10.2011 | Business

(AP) VIENNA — An OPEC report suggests that world demand for its oil is outstripping the present supply. The monthly demand forecast from the Orga...

Green Shoots for Oil Independence

David Burwell | Posted 07.26.2011 | Green
David Burwell

Green shoots prophesying accelerated declines in American oil consumption are cropping up everywhere. Even before the recession, total domestic oil consumption was in decline and the trend accelerated as the economy lagged.

Only A Recession Can Deliver Obama's Energy Targets

Jeffrey Rubin | Posted 06.06.2011 | Politics
Jeffrey Rubin

So far, recessions have been the only surefire way America has cut back on its fuel consumption and the need for oil imports.

How Sustainable Is Growth With Triple-Digit Oil Prices?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Every major global recession over the last forty years has had oil's fingerprints all over it. So why should we expect our next rendezvous to yield any different results?

Is There Enough Oil to Pay Our Debt?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

It will take huge amounts of energy, particularly oil, to achieve the growth rates that all the near-bankrupt governments around the world need to even service their debt, let alone repay it.

Higher Pump Prices May Linger Into 2011

AP | SANDY SHORE | Posted 05.25.2011 | Business

Those stubbornly high gas pump prices might seem like an unwelcome house guest who overstays his welcome, come January. Drivers in many states alread...

Crude Oil Trades Near 26-Month High On Bets Fed Stimulus Will Spur Demand

Bloomberg | Grant Smith | Posted 05.25.2011 | Business

Oil traded near its highest in 26 months on speculation the U.S. may extend stimulus measures, bolstering demand in the world's largest consumer of cr...

Tightening Oil Markets Will Bring the Speculators Back

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

With oil prices now already above $80 per barrel, you can expect to hear a lot more about the role of speculators. It's always easier to find a whipping boy than to recognize that depletion and more costly fuel in the future are the real problems.

Limit Our Oil Consumption: Drive Less

Craig K. Comstock | Posted 05.25.2011 | Green
Craig K. Comstock

Imagine roads with 10 percent less traffic; imagine accident reports that are 10 percent lower; imagine having to take the car in for service 10 percent less often.

Oil and a Never-Ending Recession

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.

World Oil Supplies Are Running Out Fast

Independent | Steve Connor | Posted 05.25.2011 | World

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world ...

Now Is The Time To Keep The Pressure On By Increasing Fuel Economy Standards

Mark Cooper | Posted 05.25.2011 | Green
Mark Cooper

Now that the speculative bubble in commodities has burst and with the global economy moving into recession, crude oil and gasoline prices are plummeting.

Saudi King: Oil Prices Should Be Much Higher

AP | TAREK EL-TABLAWY and ADAM SCHRECK | Posted 05.25.2011 | Business

CAIRO, Egypt — OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially...

Oil Falls To Lowest Price Since 2005

AP | ALEX KENNEDY | Posted 05.25.2011 | Business

SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic n...

Oil Prices Tumble, Hit 16-Month Lows

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel supplies _ ...

Oil plunges to 13-month low on global slowdown

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimis...

Oil prices plunge as Gustav dissipates

AP | STEVENSON JACOBS | Posted 05.25.2011 | Green

NEW YORK — Oil prices plunged to the lowest level in five months Tuesday, falling to within sight of $100 a barrel on signs that Hurricane Gusta...

When Oil Demand Falters, There Are Other Reasons For High Prices

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for ...

Oil Prices Drop On Predictions Of Lower Demand

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high e...

Saudi Arabia Churns Out More Oil, Fearing Demand Erosion

AP | JOHN WILEN | Posted 05.25.2011 | Business

NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...