OPEC is widely expected to maintain its official oil production quota when it meets this week, with the cartel satisfied with the current level of crude prices, analysts said. The Organization of Petroleum Exporting Countries, whose member countries together pump about 40 ...
Oil slides as mixed economic data and China reports put brakes on rising prices Oil prices ended the week lower following mixed economic reports that kept investors on edge about the outlook for improving energy demand. On Friday benchmark crude for April ...
China is experiencing "astonishing" growth in oil demand this year to match its economic rise while consumption in developed economies is falling, the International Energy Agency said on Friday. The IEA said demand surged in China in January by 28 percent on ...
Airline stocks mixed as oil prices climb above $82 a barrel Airline stocks, which rallied strongly earlier this week, were mixed in Friday trading as oil prices surged, raising the prospect of higher costs for jet fuel. The Amex airline index was ...
World oil prices rose toward 83 dollars a barrel on Friday as the International Energy Agency reported strong growth in world energy demand, led by China. New York's main contract, light sweet crude for April delivery, added 31 cents to 82.42 dollars ...
IEA lifts 2010 oil demand forecast as surging Chinese growth offsets flagging OECD demand World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its ...
Emerging markets are driving unexpectedly strong growth of world oil demand this year with a big boost from China, despite a fall in advanced economies, the International Energy Agency said on Friday. The IEA warned that demand for oil, a strong indicator ...
Oil rose close to 83 dollars a barrel on Friday as the International Energy Agency reported unexpectedly strong growth in world energy demand, led by China. New York's main contract, light sweet crude for April delivery, added 49 cents to 82.60 dollars ...
Emerging markets are driving unexpectedly strong growth of world oil demand this year with a big boost from China, despite a fall in advanced economies, the International Energy Agency said on Friday. The IEA warned that demand for oil, a strong indicator ...
Countries must brace for a return to wild oil price swings as the global economy recovers, the head of the International Energy Agency (IEA) warned Friday. Crude oil prices surged to 147.50 dollars per barrel in July 2008 before tumbling to 35 ...
