Crude Oil Demand Articles

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North America Could Displace OPEC as Largest Oil Producer in Five Years

May 20, 2013

North America Could Displace OPEC as Largest Oil Producer in Five Years

The development of U.S. shale resources will create a surge in North American oil production, making North America a larger contributor of new oil supplies than the Organization of Petroleum Exporting Countries (OPEC) by 2018, according to the International Energy Agency.

Canadian Crude Oil Pumps Supply for Local Refiners

January 14, 2013

Canadian Crude Oil Pumps Supply for Local Refiners

Tom Kloza, the chief analyst at the Oil Price Information Service, said a concentration of crude from Canada, down through North Dakota, Missouri and West Texas is creating opportunities for local refineries, resulting in lower prices in some markets.

U.S. to Become Largest Oil Producer by 2020

November 19, 2012

U.S. to Become Largest Oil Producer by 2020

The International Energy Agency said the U.S. will become the world's top producer of oil by 2020, a net exporter of oil around 2030 and nearly self-sufficient in energy by 2035 due to a boost in oil, shale gas and bioenergy production in the country.

Oil Firms Set to Bounce Back Quickly After Hurricane Sandy

October 31, 2012

Oil Firms Set to Bounce Back Quickly After Hurricane Sandy

Oil firms are set to bounce back quickly from Hurricane Sandy.

U.S. Production of Crude on Track to Rise 7%

October 29, 2012

U.S. Production of Crude on Track to Rise 7%

U.S. production of crude and other liquid hydrocarbons is on track to rise seven percent this year.

EPA and NHTSA Finalize Fuel Economy Standards for Light Duty Vehicles

October 22, 2012

EPA and NHTSA Finalize Fuel Economy Standards for Light Duty Vehicles

EPA and NHTSA last week finalized their rule aimed at reducing greenhouse gas emissions and improving fuel economy for light-duty vehicles for model years 2017 and beyond.

Worldwide Supply and Demand Indicate Higher Fuel Prices for 2011

March 1, 2011

Worldwide Supply and Demand Indicate Higher Fuel Prices for 2011

Worldwide supply and demand indicate higher fuel prices in 2011.