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World Crude Oil Production May Peak A Decade Earlier Than Some PredictSafat, Kuwait (SPX) Mar 15, 2010 In a finding that may speed efforts to conserve oil and intensify the search for alternative fuel sources, scientists in Kuwait predict that world conventional crude oil production will peak in 2014 - almost a decade earlier than some other predictions. Their study is in ACS' Energy and Fuels, a bi-monthly journal. Ibrahim Nashawi and colleagues point out that rapid growth in global oil consumption has sparked a growing interest in predicting "peak oil" - the point where oil production reach ... read more |
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Washington (UPI) Mar 10, 2009 The Obama administration is seeking to defuse a crisis in trade ties with Brazil after the Latin American country unveiled a widely anticipated retaliatory tariff against a wide range of U.S. imports, including intellectual property. The Brazil action was feared for long but didn't get the priority attention it deserved in Washington, analysts said. U.S. officials now must scramble to f ... more 
Beijing (AFP) March 14, 2010China faces a difficult year as it works to maintain economic growth and spur development, but will not be bullied into changing its exchange rate policy, Premier Wen Jiabao said Sunday. In a wide-ranging press conference at the end of China's annual session of parliament, Wen said Beijing was not ready to withdraw stimulus measures put in place in late 2008 to pull the world's third-largest ... more  
Beijing (AFP) March 11, 2010Chinese consumer prices rose for the fourth month running in February while new lending slowed sharply, data showed Thursday, as the government campaigns to tame inflation in the booming economy. Analysts said the jump would not trigger a knee-jerk response from policymakers in the world's third-largest economy but the figures raised the prospect of more drastic tightening measures later in ... more |
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'Astonishing' growth in Chinese oil demand: IEAParis (AFP) March 12, 2010 China is experiencing "astonishing" growth in oil demand this year to match its economic rise while consumption in developed economies is falling, the International Energy Agency said on Friday. The IEA said demand surged in China in January by 28 percent on a 12-month comparison and raised its forecast for global demand in 2010 to 86.6 million barrels per day (mbd) from its projection last month of 86.5 mbd. The forecast was 1.8 percent higher than 2009 demand levels. But the agency said th ... read more |
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