Topic: International Energy Agency

Cheap oil is gone, and that's good news

Truth can mean money in the bankOver the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry. With increased global demand and declining supply, easy oil is not so easy anymore. Everything is ...
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A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the worldA look at economic developments and activity in major stock markets around the world Friday: ___ BEIJING — China's foreign reserves, already the world's biggest, surged 24 percent last year to $2.4 trillion despite the ...
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IEA downgrades 2010 oil demand forecast

The International Energy Agency on Friday revised down its forecast for world oil demand in 2010, saying trade would be "sluggish" in rich nations and growth would come only from emerging economies. The IEA forecast that demand would be 1.44 million barrels per day (mbd) this year, compared to ...
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Oil prices slide under $78

Oil prices fell further on Friday on weak energy demand and news the US commodity and options regulator was looking to tighten controls in the energy futures market, analysts said. In a report, the International Energy Agency said oil demand in 2010 will be "sluggish" in the developed world, with ...
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