Chart of the Week – Oil Demand ReturnsFrank Holmes
It would be a grave error to assume that new supply from expensive and slow-scaling unconventional sources can meet 1 mbpd of new demand this year, and the next, and the next on into the future. Remember, total "tight oil" production in the U.S. in 2011 wasjust over half a million ...
StanChart was recently vindicated, with April gasoline demand turning out to be at a two-month low rather than a two-decade low. On 28 June, the EIA published its Petroleum Supply Monthly (PSM) Report that contained large upward revisions for gasoline, distillates (mainly diesel...
Oil Spot Price was in 2008 when prices for WTI Crude reached as high as $145.31/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of WTI Crude fell as much at 70% off highs in January of 2009...
Chart2:Crude oildemandandsupply legco.gov.hk legco.gov.hk 表1 ︰ ︰︰ ︰世界原油供應及需求 世界原油供應及需求 世界原油供應及需求 世界原油供應及需求 ( 百萬桶/ 每日) legco.gov.hk legco.gov.hk [...] distinguish between pyrogenic (combustion products), petrogenic (originatingfromcrude oil)and...
Supply and Demand As with all commodities, oil prices are driven by supply and demand. However, the global pool of oil and the ease with which oil moves around the world levels some of these price pressures, and no one oil producer to completely dominate the world market. ...
Oil Spot Price was in 2008. Prices for Brent Crude reached as high as $143.95/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Brent Crude fell as much at 70% off highs in January of 2009...
Supply Risk and Soaring Demand Keep European Natural Gas Prices at 1-Year High Published 1 day ago UK Approves $2.5 Billion Funding for Power Link to North Sea Wind Farms Published 1 day ago European Oil Giants Commit $500 Million to Help Boost Access to Energy ...
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Since the 1970s, oil prices have become more volatile. They're affected by more than the laws of supply and demand.Oil prices are determinedin the short run by oil futures contracts on the commodities markets. This means that in the short run,commodities traderscan also affect oil prices. ...