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US boom transforming global oil trade

NEW YORK - The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.The threat of chronic oil shortages is all but gone, U.S. dependence...

http://chronicle.augusta.com/news/business/2013-05-14/us-boom-transforming-globa
Higher oil prices rattle Asia, but China still on buying binge

...National Development Reform Commission. China's oil consumption jumped 11.5 percent last year to 6 million barrels...International Energy Agency says the growth in China's oil consumption, which hit a 25 percent annual rate for the second...

http://chronicle.augusta.com/stories/2004/08/13/bus_425129.shtml
Business
Oil prices fall as fears are eased

...companies to idle between 500,000 and 750,000 barrels per day of production, or less than 1 percent of global daily oil consumption. That's roughly half of what Italy's Eni, Libya's largest oil producer, estimated earlier Thursday.IEA...

http://chronicle.augusta.com/news/business/2011-02-24/oil-prices-fall-fears-are-
Business
OPEC might be pressured by Iraqi, Russian exports

...quotas will add to pressure on the Organization of Petroleum Exporting Countries in the second quarter of 2004, when oil consumption hits a seasonal low. Firm crude prices will encourage Russia and other independent producers to pump more oil to...

http://chronicle.augusta.com/stories/2003/10/11/bus_396139.shtml
Business
Federal oil reduction program increases oil use

...efficiency standards on other vehicles - which drives oil consumption up instead of down. The situation would be different...combinations of the two. Ethanol supporters say the extra oil consumption is part of the growing pains of the flex-fuels program...

http://chronicle.augusta.com/stories/2006/01/09/bus_41134.shtml
Business
Oil jumps to 9-month high above $105 in Europe as Iran cuts supply to Britain, France

...announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from Iran in six months."The price rise is more a reflection...

http://chronicle.augusta.com/news/2012-02-21/oil-jumps-9-month-high-above-105-eu
Biz Bits

...Higher interest rates could slow China's economy and shrink its appetite for oil. China trails only the U.S. in oil consumption and should still drive world oil demand this year, though it might not increase consumption as much as previously...

http://chronicle.augusta.com/news/business/biz-bits/2011-04-05/biz-bits
Biz Bits | Business
Altimas, Sentras are recalled by Nissan

...647-7261. Last month, Nissan recalled nearly 100,000 of its 2006 Altima and Sentra sedans because of excessive oil consumption and reports of two dozen engine fires. Those concerns led the automaker to temporarily stop selling the vehicles...

http://chronicle.augusta.com/stories/2006/07/21/liv_89590.shtml
Life & style
GM speeds up work on plug-in battery car

...Automotive systems, Mr. Wagoner said. "Given the huge potential that the Volt and its E-flex system offers to lower oil consumption, lower oil imports and reduce carbon gas emissions, this is for sure a top priority program for GM," said Mr...

http://chronicle.augusta.com/stories/2007/06/06/bus_131163.shtml
Business
Exxon offers energy outlook

...5 percent coming from renewable sources such as wind power and solar energy. They said the biggest increase in oil consumption will occur in developing nations, with China's estimated 3.5 percent annual increase leading the way. "So what...

http://chronicle.augusta.com/stories/2004/03/30/bus_410432.shtml
Business