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OPEC predicts fall in oil demand

Source: Press TV

London : United Kingdom | 2 months ago

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The group had predicted a drop of 1.65 million bpd in its August report...The report said that strong demand in developing countries such as China, India, the Middle East and Latin America would continue through 2010, leading to growth in world oil demand next year.

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News Stories

Peak oil expected in 2009: Macquarie

News Source: The Globe & Mail | 2 months ago

P eak oil supply will be hit this year after the economic crisis and low prices in the first quarter of 2009 slashed much needed investment, a senior executive at Australian investment bank Macquarie said. “This is our view – capacity has pretty...
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News Source: The Globe & Mail | 2 months ago

C opper HG-FT climbed 1.6 per cent on Wednesday, as upbeat comments from the U.S. Federal Reserve Chairman Ben Bernanke on the economy and strong U.S. retail and manufacturing data lifted sentiment. Stock markets and other commodity prices including...
Oil falls below $71 on rising stocks

News Source: Press TV | 2 months ago

The US Department of Energy is expected to publish a report showing weekly inventory of the world's most excessive energy user. US sweet oil for October delivery fell 35 cents to $70.58 a barrel on Wednesday, while London Brent North Sea crude for...
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News Source: Australian Broadcasting Corporation | 2 months ago

The All Ordinaries Index rose 2.3 per cent to 4,653 and the ASX 200 closed up 110 points to 4,650. Overnight in the US, official figures showed retail sales rose by a better-than-expected 2.7 per cent in August. Stocks in New York closed higher and...
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News Source: Channel NewsAsia | 2 months ago

Oil prices were mostly higher on Tuesday as the market digested positive US economic data pointing to recovery in the world's largest energy consumer. New York's main contract, light sweet crude for October delivery, leapt 2.07 dollars to finish at...
Oil prices mixed after OPEC report (AFP)

News Source: Xtra News | 2 months ago

New York's main contract, light sweet crude for October delivery rose 28 cents to 69.14 dollars per barrel. Tuesday in its monthly report, standing by its previous forecast...Then, "in 2010, global demand is forecast to return to growth following two...