G8 ministers urge higher oil output

Article Abstract:

G8 Finance minister urged the world's oil producers to provide adequate supplies to ensure that world oil prices return to levels consistent with lasting global economic prosperity and stability. Increase in oil output would lead to lower oil prices benefiting the world at large.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Economic aspects, Petroleum industry, Global economy

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Cooling economies push oil below $60

Article Abstract:

Decline in oil prices, due to decreasing demand and large reserves of oil with buyers, is discussed.

Market information - general, Forecasts, trends, outlooks, Commodity & service prices, Petroleum and Coal Products Manufacturing, Fuels, Pricing Policy, Prices and rates, Forecasts and trends, Supply and demand, Pricing, Market trend/market analysis, Fuel, Company pricing policy, Product price

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