Topic: OPEC
Oil steadies after recent surge
AFP Global Edition
Oil prices held steady on Thursday as investors paused for breath following recent gains made after data that showed stronger US energy demand, analysts said. New York's main contract, light sweet crude for April delivery, was up four cents to 82.13 dollars per barrel. London's Brent North ...
Oil slips under $82 on profit taking
AFP Global Edition
Oil prices slipped under 82 dollars on Thursday as investors took profits on gains made followed data that showed stronger US energy demand, analysts said. New York's main contract, light sweet crude for April delivery, dropped 14 cents to 81.95 dollars a barrel. London's Brent North Sea ...
China to lead oil demand growth as OECD area struggles
AFP Global Edition
China's hunger for oil is set to drive global demand in the coming years as consumption in the industrialized countries may not regain pre-economic crisis levels, experts say. "Chinese demand will continue to grow at a relatively high rate," said Kefeng Yang of research firm IHS CERA, the organizer ...
Oil prices rally as US fuel reserves slide
AFP Global Edition
World oil prices surged Wednesday after news that fuel stockpiles in the United States slumped last week, indicating strengthening demand in the world's top energy consumer. The market also won support following news of soaring Chinese exports and after the Organization of Petroleum Exporting Countries (OPEC) lifted its forecast ...
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