Sentences with phrase «oil daily demand»

Not exact matches

Despite recent volatility in the price of oil, the CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis.

And around Fort McMurray, Alta., thousands of workers continue to use mining trucks and steam - assisted gravity draining (SAGD) to extract nearly three million barrels of oil daily, confident that folks somewhere will demand the stuff, no matter how it gets to refineries and customers.

«Consider that cars on average are in operation for only about an hour each day, but they account for 45 % of global oil demand and, on average, 3,500 daily deaths worldwide.»

The International Energy Agency (iea) projected in November that oil demand will grow steadily for the next 25 years, reaching about 99 million barrels per day by 2035, up 15 million barrels daily from 2009.

But the commercial aviation industry burns nearly 240 million gallons (945 million liters) of Jet A daily and if oil prices were to approach the $ 150 - per - barrel mark reached last year, the demand for Camelina oil might end up driving farmers to grow less wheat — a staple food crop.

Kerry's testimony came on the heels of a loud call by more than half the Senate demanding the Obama administration quickly approve the Keystone XL pipeline project that would ship about 700,000 barrels of crude daily from Canada's oil sands to refineries along the Gulf of Mexico.

From the article:... U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand.