• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Shell, BP Say High Oil Price Erodes Demand

    Investing News Network
    Jul. 28, 2011 10:36AM PST
    Oil and Gas Investing

    Reuters reports that major oil companies like BP, Shell said that high crude prices have curbed global oil demand in the second quarter.

    Reuters reports that major oil companies like BP, Shell said that high crude prices have curbed global oil demand in the second quarter.

    The market news is quoted as saying:

    Shell said oil products sales volumes decreased by 8 percent compared with the same period a year ago while, excluding the impact of divestment, sales volumes were 4 percent lower than in the second quarter of 2010.

    Click here to access the entire news

    market newsmajor oil companiesoil companies
    The Conversation (0)

    Go Deeper

    AI Powered

    OPEC Cuts Oil Demand Growth Forecast

    US Shale Boom Producing Record Amounts of Oil, Demand Weakening

    Latest News

    Fully Funded FEED Underway for LCO2 Tank

    Alvopetro Announces Q2 2025 Financial Results and an Operational Update

    Seismic Equipment Arrives For Enercam Resources' Oil & Gas Block VIII, Cambodia

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×