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Crude oil prices have doubled since February’s low of $32 a barrel, raising concerns that global economic recovery could be jeopardised
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Oil chief focuses on emerging markets
As Europe slowly emerges from the global recession, the prospect for the continent’s emerging markets is much better than for the developed economies of western Europe, says Jacek Krawiec
Tankers store oil as futures prices rocket
A research by a London shipbroker reveals that one in 12 of the world’s largest crude oil tankers are being used to store oil rather than move it from place to place
IEA criticism is further blow to oil benchmark
Reign of West Texas Intermediate as the world’s top oil benchmark “looks increasingly precarious” said the International Energy Agency
Asian rebound sparks revival in oil demand
Global oil demand has started to grow after falling for a year-and-a-half, the International Energy Agency said, in a sign that Asia’s economic revival is boosting energy and other commodities consumption
Oil heavyweight ponders landscape
The head of the world’s most influential state oil company predicts demand will grow at a ‘reasonable pace’, increasing annually by perhaps 1m to 1.5m barrels per day from 2010
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Crude politics: Oil policy changes and protests
Interactive map: How rising oil prices are forcing leaders to reconsider their approach to subsidies and taxation
Comment and Analysis
Comment: Oil wealth must be used prudently
Revenues from hydrocarbons should be invested effectively to ensure long-term economic development, rather than frittering it away on unsustainable property booms
Oil could exceed $100 next year
Demand in emerging markets will lend tremendous support to the global crude market in 2010
Oilfield services
When the bubble burst, the letdown for oilfield service companies was brutal but awful quarterly earnings are not denting investor enthusiasm
The crude realities of diplomacy
Politicians know that voters will punish them if fuel prices soar, or if there are electricity shortages. But they also know that if they openly put the search for oil at the heart of their foreign policies, they are liable to be denounced as cynical and immoral, writes Gideon Rachman
A hope for Nigeria
Nigeria’s plan to pass 10 per cent of oil revenues directly on to Niger Delta citizens is a chance to escape the chaos that threatens to engulf it before it is too late.
Oil on the brain
Despite recent finds, the world is still heading for an oil crunch, not necessarily due to scarcity but because low investment and long lead-times mean it cannot keep up with demand
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