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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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      Comment: Oil wealth must be used prudently

      Cunningham Andrew

      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

      Gideon Rachman

      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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