According to the Energy Information Administration estimates, the demand for oil will grow by 0.9 million barrels per day, or bpd, in 2013 and 1.2 million bpd in 2014.
In the financial world, there are plenty of metrics market participants can use to watch publicly traded companies. Two of the best are hedge fund and insider trading sentiment.
Oil companies are often characterized by high capital involvement and as such, are not considered great dividend paymasters. While this assessment is largely true, there are some exceptions.
Today was a return to record highs for the Dow Jones Industrial Average (INDEXDJX:.DJI), which again chose to ignore uncertainties in Europe to focus instead on strong economic data from the U.S.
Now that Hugo Chavez has passed away, people have begun to question the short and middle-term performances of oil prices. As you know, Venezuela is an OPEC member and known for its U.S.