Falling oil prices will spur a recovery in demand for crude, according to Tony Hayward, chief executive officer of BP Plc, Europe’s second-biggest oil company.
Oil’s 54 percent drop from its July record in New York was caused by higher OPEC output, slower economic growth and lower U.S. consumption, Hayward said in a speech to the [...]
Sam Coates, Chief Political Correspondent
Gordon Brown will arrive in the Gulf today to ask oil-rich states to use their vast wealth to steady the fragile world economy and to boost British business.
The day after Barclays raised £5.8 billion from funds in Abu Dhabi and Qatar, to avoid taking money from the Treasury, the Prime Minister [...]
City of Industry, CA –(www.FinancialNewsUSA.com)– 10/29/2008 - Oil and Gas Exploration industry news provided by Financial News USA (OTC: FNWU). Premier Energy Corp. (OTCBB: PNRC) announced today that it has initiated the process to acquire a major property in Texas with substantial oil and gas production and reserves as well as other operating business interests. [...]
