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producers and top consumers of the world's oil. Just click on a numbered country to learn all about it. The US is the #1 country in oil...
Fears of a prolonged recession in developing countries and weak crude demand sent oil prices drifting below $55 a barrel Tuesday.
AFP - LONDON (AFP) - Oil prices fell on Tuesday as the Centre for Global Energy Studies (CGES) forecast a contraction in global oil demand for the first time in 25 years amid a severe global...
Reuters - LONDON (Reuters) - Oil fell back toward $54 a barrel on Tuesday, setting a new near 22-month low as the gloomy outlook for the world economy helped extinguish a brief rally.
European shares edged lower on Tuesday, as further losses for banks offset gains from oil producers, Barclays, Carrefour and Alcatel-Lucent. News widgets and RSS feeds on Feedzilla.com
AFP - LONDON (AFP) - Barclays said on Tuesday that proposed investors from the oil-rich Gulf would dispose of shares worth 500 million pounds should its capital injection win the support of...
Oil prices lingered near $55 a barrel Tuesday in Asia as investors mulled more dire news pointing to a prolonged recession in developed countries and continuing weakness in demand for crude.
Reuters - SINGAPORE (Reuters) - Oil rose near $56 a barrel on Tuesday, rebounding from a near 22-month low on stronger U.S. industrial output data, but fears that the global economic slump was...
It would be tempting to say they told us so. News widgets and RSS feeds on Feedzilla.com
Oil prices lingered near $55 a barrel Tuesday in Asia as investors mulled more dire news pointing to a prolonged recession in developed countries and sustained weakness in demand for crude.
AFP - MEXICO CITY (AFP) - The presidents of Indonesia, Susilo Bambang Yudhoyono, and of Mexico, Felipe Calderon, signed an oil cooperation agreement Monday involving their two state-run oil...