Oil Demand

Oil and a Never-Ending Recession

Diane Francis | Posted 11.16.2009 | 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 09.02.2009 | 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 01.02.2009 | 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 12.30.2008 | 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 12.21.2008 | 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 11.22.2008 | 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 11.10.2008 | 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 10.03.2008 | 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 09.07.2008 | 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 08.13.2008 | 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 06.24.2008 | 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...

The New Oil Dilemma: Oil-Rich Nations Using More Energy, Cutting Exports

New York Times | CLIFFORD KRAUSS | Posted 03.28.2008 | Business


The economies of many big oil-exporting countries are growing so fast that their need for energy within their borders is crimping how much they can se...