Tag: oil price

Thursday, September 26th 2013 - 21:04 UTC
A sugar rush that could fuel the economy

By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.
Wednesday, December 26th 2012 - 07:17 UTC
Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.
Thursday, August 23rd 2012 - 00:50 UTC
Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.
Thursday, July 12th 2012 - 06:57 UTC
China cuts retail fuel prices 5%, the third cut in two months

China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the first time in three years in April.
Thursday, March 8th 2012 - 09:42 UTC
Brazil has become the sixth-largest economy in the world overtaking the UK

Brazil has become the sixth-biggest economy in the world, the country's finance minister announced. The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK.
Wednesday, December 14th 2011 - 16:48 UTC
OPEC agrees 30m bpd supply target; Saudis want oil below 100 dollars per barrel

OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.
Monday, September 12th 2011 - 20:56 UTC
OPEC forecasts slower global oil demand and production

OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.
Saturday, August 20th 2011 - 06:52 UTC
Latam markets follow world trend but fall less than the US and EU

Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious.
Tuesday, August 9th 2011 - 07:37 UTC
Gold soars to 1.700 dollars as world markets are on free-fall fearing recession

Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks as had happened earlier in Europe, United States and Latin America.
Thursday, June 9th 2011 - 05:42 UTC
OPEC fails to reach agreement on production targets for the first time in 20 years

Oil rose for a third day in New York after OPEC failed to reach an agreement on production targets for the first time in at least 20 years and U.S. crude inventories fell more than analysts forecast.