Oil-price surge dims world economic hopes: more-costly energy is seen slowing investment, hiring and accelerating inflation

Article Abstract:

Current energy prices are not high enough to send the global economy back into recession, economists believe, but they are expected to slow growth, specifically in regard to investment and hiring.

Production management, Commodity & service prices, Petroleum refining, Prices and rates, Comparative analysis, Company pricing policy, Global economy

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Saudis, Russia set energy pact

Article Abstract:

Russia and Saudi Arabia will sign an energy investment and cooperation framework pact. Both countries are the two biggest oil producers and exporters in the world.

Energy industries, Energy industry, Natural resources

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Russia, Saudi Arabia sign oil pact

Article Abstract:

Saudi Arabia and Russia have signed an oil cooperation pact in order to keep the global oil market stable. The pact however, is considered to be largely symbolic.

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