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In OPEC's June report, released today, the oil cartel doesn't see global demand changing much. It's sticking with its 0.9 million-barrels-per-day increase (1.1%) for the remainder of 2010. It ...
Oil prices on Wednesday breached $90 a barrel, keeping gas prices near $3 per gallon as the U.S. petroleum inventory shrunk by about 1.5%. Oil for February delivery increased 14 cents to $90.62 a ...
As part of a $1 billion plan to combat the bird flu, the U.S. Department of Agriculture (USDA) announced this week that it would seek to expand imports of eggs, The Wall Street Journal reports.
U.S. oil production nearly doubled from 2008 levels, due to substantial improvements in shale "fracking" technology in response to record oil prices.The steady rise in additional output, mostly from North Dakota, West Texas, New Mexico, Oklahoma and several other US states eventually led to a plunge in U.S. oil import requirements and a record high volume of worldwide oil inventories in storage.
Business and economics Apple Inc. launches Ping. (BBC) A trade agreement between Australia and the European Union comes into effect stopping Australian wine being marketed using terms such as champagne and port. (ABC Online) (BBC) (People's Daily) The U.S. Court of Appeals, Federal Circuit, upheld an injunction issued by a federal district court in Indiana in 2009, enjoining Teva ...
Global oil demand growth is expected to increase a little this year but slip in 2011, as fuel stockpiles surge and concern persists that world economic growth could falter, the International ...
Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...
Here's news from the business world and other money matters to watch out for Tuesday (last updated at 8:03 a.m. Eastern time): Bond-Yields Point To Economic Growth: The current slowdown in the ...