TurmOil

Article Abstract:

The factors responsible for rise in oil prices such as higher demand generated by the global upturn, speculative oil demand in the futures market, and distribution problems in the U.S., are described. The concern regarding oil prices that though oil prices acceleration phase is ending, but global growth is expected to ease oil pressures, is highlighted.

Reports, Futures market, Futures markets

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Oil and trouble?

Article Abstract:

The impact of oil prices on the world economy and also on the UK public finances is analyzed. The world economy can take the new oil price spike broadly in its stride, but the chancellor is likely to come under pressure to use some of the additional corporation tax revenue to reduce the impact of the price hike on consumers and hauliers in the UK.

Production data, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Petroleum industry

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The shocking price of oil

Article Abstract:

The author argues that the global economy need not go into recession even with crude oil prices nearing the US$100-a-barrel point in December 2007.

United States, Recessions, Global economy

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