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Articles Written by: ALEX LAWLER
W orld demand for OPEC's oil will be stronger than expected next year, the producer group said on Tuesday, the latest sign that a more positive economic outlook will boost oil consumption. The 12-member group is the latest forecaster to lift its oil ...
From ALEX LAWLER,
Globe and Mail,
13 Oct 2009
Related Topics:
OPEC
LONDON (Reuters) - Oil fell more than 3 percent to around $70 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.
China's key stock index dived 6.74 percent on Monday ...
From ALEX LAWLER,
Boston Globe,
31 Aug 2009
LONDON (Reuters) - Oil crept up to near $74 a barrel on Monday within sight of a 10-month high, supported by optimism that an economic recovery will spur a rebound in energy demand.
A string of positive economic data from various countries and rallying ...
From ALEX LAWLER,
Boston Globe,
24 Aug 2009
World demand for OPEC's oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, the group said on Wednesday, justifying its slower spending on new supplies.
In its 2009 World Oil Outlook, the ...
From BARBARA LEWIS AND ALEX LAWLER,
Globe and Mail,
8 Jul 2009
Related Topics:
OPEC
LONDON (Reuters) - Oil fell to a five-week low toward $64 a barrel on Monday, pressured by doubts over the prospects of an early global economic recovery and a firmer dollar.
The U.S. jobless rate reached a 26-year high and Euro zone unemployment is at ...
From ALEX LAWLER,
Boston Globe,
6 Jul 2009
LONDON (Reuters) - Oil fell toward $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.
In the ...
From ALEX LAWLER AND BARBARA LEWIS,
Boston Globe,
3 Jul 2009
LONDON (Reuters) - Oil dropped below $69 a barrel on Monday pressured by a stronger dollar and weaker European equities, but attacks on the oil industry in top African exporter Nigeria limited losses.
Nigeria's main militant group said on Sunday it had ...
From ALEX LAWLER,
Boston Globe,
22 Jun 2009
NEW YORK (Reuters) - Oil prices fell on Wednesday after a U.S. government report showed a surprise increase in gasoline supplies in the world's top consumer heading into summer driving season.
U.S. gasoline stocks rose by 3.4 million barrels last week, ...
From JOE BROCK AND ALEX LAWLER,
Boston Globe,
17 Jun 2009
LONDON (Reuters) - Oil fell to around $71 a barrel on Monday, extending its retreat from a near eight-month high as the dollar firmed and analysts said the market had rallied too quickly.
Crude on Thursday settled at $72.68, the highest since October 20 ...
From ALEX LAWLER,
Boston Globe,
15 Jun 2009
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From CHRISTOPHER JOHNSON AND ALEX LAWLER,
Globe and Mail,
13 Jun 2009
