Recent decline in price of oil raises hopes crunch is easing
Article Abstract:
A recent report from the Paris-based International Energy Agency predicts that oil markets will see relief from the high prices of 2004 through the winter and into the spring of 2005. However, though prices have indeed already declined, the cost of oil is still 49% higher than it was at the beginning of the year, raising concerns that current oil costs may continue to have a negative impact on economic growth around the world.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Oil profits may be peaking
Article Abstract:
The world petroleum industry is expected to post banner revenue increases in first quarter reports this week. However, oil industry costs are up and prices for a barrel of oil are slowing. Net income for the 70 largest petroleum companies in the world are forecast to be up 26 percent to $230 billion, on sales of $2.57 trillion, up nearly 10 percent.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Ryanair's net profit rises 30% on cost cuts, passenger numbers. BAA is cleared to raise charges
- Abstracts: Tackling China on arms sales. China breaks with its wartime past
- Abstracts: HSBC deal for KEB stake shows its use of acquisitions. South Korea's Chohung is sold. Commerzbank to reduce stake in lender
- Abstracts: Letting yuan float would pose risks. Germany opposes free-floating yuan
- Abstracts: EU approves use of modified corn from Monsanto. Let them eat cake. EC may rule against GMO ban