Tag: oil price

• Wednesday, February 5th 2014 - 22:59 UTC

  US, the world's largest producer of oil approves licenses to export crude to Europe

  

  The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.

• 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.