ft.com - 6/12/2009
—
Oil prices on Thursday surged to an eight-month high above $73 a barrel after the western countries’ energy watchdog raised its forecast for global oil demand for the first time in almost a year. The International Energy Agency’s abrupt change, saying that the oil market was witnessing the ...
gregor.us - 6/9/2009
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gregor.us —
There’s a temptation to believe that if one
stripped out the USD from the price of oil,...
a better picture of oil’s cost would emerge. Over the years people have expressed Oil in Euros, Swiss Francs, and of course Gold–which does make ...
(more)
Oil in Big Macs
online.wsj.com - 6/11/2009
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online.wsj.com —
SPENCER SWARTZ LONDON -- The International Energy Agency
Thursday slightly raised its 2009 world crude-demand forecast for...
the first time in 10 months in response to gentle signs emerging that an uptick in economic activity is breathing some life back ...
(more)
IEA Raises Oil-Demand Forecast
rigzone.com - 6/19/2009
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rigzone.com —
China consumed 33.23 million metric tons of oil
in May, up a strong 6% from the same...
month in 2008, a Platts analysis of official data showed June 18. The data means Chinese demand has shown a year-on-year increase for a second consecutive month, ...
(more)
China Oil Demand Jumps for Second Consecutive Month
Comments
Blog Reactions
Oil surges on higher demand forecast
FT Alphaville —
Oil prices on Thursday surged to an eight-month high above $73 a barrel after a key energy watchdog raised its forecast for global oil demand for the first time in almost a year. The International Energy Agency cited the “long-awaited emergence of improving fundamentals” to raise its global oil consumption estimate by 120,000 barrels a day, although it warned consumption would still drop this year by 2.5m b/d. Global demand is put at 83.3m b/d this year, down 2.9% from 2008.
Links June 12 09
Moon of Alabama —
... - Mondoweiss
Gaza: No right to life (video) - Guardian
The Big Hate - Krugman/NYT - The danger from the right
It is time to put Europe on hold (alt link) - FT
The fiscal black hole in the US - Mavercon/FT
We're Screwed ... - Alternet - On (not) outlawing ursury
World Bank Sees Economy Shrinking 3 Percent This Year - NYT
Oil surges on raised forecast of demand (alt link) - FT - $73+/bl - Speculation, not real ...
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