Tag: crude oil

  • Oil production surplus highest in 17 years: IEA

    The global oversupply will average 1.4 million barrels a day in the second half of this year, with a production surplus in the second quarter of three million barrels a day, the highest in 17 years.... Read More
  • Oil prices could double by 2022: IMF

    The International Monetary Fund (IMF) has been warned by its internal research team that there could be a permanent doubling of oil prices in the coming decade with profound implications for global trade.... Read More
  • Korean sees crude prices at US$75/bbl in ’09

    Korea Air Lines, the world’s largest cargo airline, said it expects US crude oil prices to average US$75 a barrel in 2009, down from US$99.75 a barrel in 2008. As a result, the country’s two carriers, Korean Air and...... Read More