Posts Tagged ‘countries’

Greek exports jump, swell euro zone trade surplus

by on November 16, 2012 10:03 am BST
BRUSSELS | Fri Nov 16, 2012 5:03am EST BRUSSELS Nov 16 (Reuters) - Exports from Greece and Portugal, where years of credit-fuelled imports saddled the countries with huge debts, grew strongly in the first eight months of this year and lifted the euro zone's trade surplus, in a sign of hope for southern

OPEC warns IEA's U.S. oil forecast may hurt investment

by on November 13, 2012 2:28 pm BST
OPEC warns IEA's U.S. oil forecast may hurt investmentLONDON -- The head of OPEC warned Tuesday that its members' spending plans could be undermined by an energy watchdog's forecast that the U.S. will leapfrog Saudi Arabia in terms of oil production.On Monday, the International Energy Agency, which represents

Opec admits impact of shale oil on supply

by on November 8, 2012 5:17 pm BST
In its annual World Oil Outlook, Opec cut its forecast of global oil demand to 2016 due to economic weakness and also increased its forecast of supplies from countries outside the 12-nation exporters' group, Reuters reported."Given recent significant increases in North American shale oil and shale gas production, it is

OPEC says oil price to stay high

by on November 8, 2012 10:56 am BST
OPEC says oil price to stay highLONDON — A boom in domestic energy output in the coming years will significantly cut U.S. reliance on crude oil from the Organization of the Petroleum Exporting Countries, but prices will remain elevated because of the high cost of producing these unconventional reserves,