BEIJING, Aug. 19 (Xinhua) -- China's steel output growth slowed in July and prices of steel products have continued to drop, according to data from the National Development and Reform Commission (NDRC). Crude steel production gained 4.2 percent year...
An expert at the International Energy Agency says it may be many months before Libya's damaged oil industry can resume full production. The head of IEA's Oil Industry and Markets Division, David Fyfe, said Thursday there are many logistical, operatio...
Despite inheriting what he called a mess President Barack Obama pledged to do everything in his power to fix the broken U.S. economy. Based on key indicators, the president appears to have succeeded in stabilizing the worst financial crisis since the...
OPEC will cut its oil output by 1.5 million barrels a day starting in November, with chances of more cuts to come. But from Paris, Lisa Bryant reports the announcement was met by a further drop by financial markets. OPEC hopes that by cutting output...
By Lisa Bryant Paris 01 February 2008 OPEC's 13 members, meeting in Vienna Friday, rejected calls by the United States to increase oil output. The oil cartel said supplies meet current demands. Lisa Bryant has more from Paris. Following talks in Vien...
OPEC Agrees to Reduce Oil Output Kerry Sheridan Oil prices edged higher Tuesday after ministers from the Organization of Petroleum Exporting Countries (OPEC) agreed to reduce output. OPEC ministers ha...
