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Oil rises to 2-1/2 yr peak on job rise, supply fears
Oil prices jumped on Friday, as supportive US jobs data reinforced economic growth expectations and Libya’s conflict and West Asia unrest kept supply threats in focus, pushing both Brent and US crude to their highest settlements since 2008. US nonfarm payrolls registered solid growth for a second month in March and the jobless rate hit a two-year low of 8.8 per cent, helping fuel optimism about
Oil prices jumped on Friday, as supportive US jobs data reinforced economic growth expectations and Libya’s conflict and West Asia unrest kept supply threats in focus, pushing both Brent and US crude to their highest settlements since 2008. US nonfarm payrolls registered solid growth for a second month in March and the jobless rate hit a two-year low of 8.8 per cent, helping fuel optimism about
IEA trims 2011 oil demand, warns of oil price shock
Global oil demand will be lower than previously forecast in 2011 as high oil prices begin to have a toll on the global economy, the International Energy Agency (IEA) said on Tuesday.
Global oil demand will be lower than previously forecast in 2011 as high oil prices begin to have a toll on the global economy, the International Energy Agency (IEA) said on Tuesday.
Stephanie Dechamps: Jasmine revolution - The grim economic fallout
Middle Eastern and North African countries that are in turmoil have seen their ratings downgraded, stock markets plunge and foreign investors turn cautious.
Middle Eastern and North African countries that are in turmoil have seen their ratings downgraded, stock markets plunge and foreign investors turn cautious.
OPEC sees no need to meet, supply ample
OPEC sees no need at present to hold an emergency meeting to discuss raising its oil output, because supply is adequate, an OPEC delegate said on Wednesday following informal consultations among
Oil slip again
Opinion remains divided on whether or not the continuing instability in West Asia and North Africa (WANA) will continue to drive up global crude oil prices, and therefore India’s oil import bill,
Sensex gains 1.2%
The Sensex firmed 1.2 per cent on Tuesday, taking comfort from a drop in oil prices, while Dravida Munnetra Kazhagam (DMK) put off a move to quit the cabinet, helping Asia’s third-largest economy
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