Money market rate premiums have been high and volatile. The difference between money market rates and central bank key rates has been the widest since the international financial turbulence started in August last year. Norwegian money market rates increased sharply after international risk premiums spilled over into the Norwegian market. Foreign exchange markets have also been volatile. Investors have shown interest in the large and most liquid currencies. Growth is also slowing in the Norwegian economy. Household consumption has stagnated and house prices are falling. Monetary policy in Norway is oriented towards annual consumer price inflation of close to 2.5% over time. In recent years, inflation has on average been somewhat lower, but fairly close to 2.5%. A deep and protracted glob...
...Group on the Oil Market (SOM) on June 29; and on June 30 in connection wit...4. The Medium-Term Oil Market Report. 5. Report on the International Energy Forum. 6. U...
Part of the reason for these runaway gas prices is the significant decline in the purchasing power of the dollar on the international market, which though a golden gift for American exporters like Boeing, is a huge problem for importers of oil that the American economy largely runs on. Many experts fear oil price will go past $150 a barrel following the seemingly impending Israeli preemptive air strikes against Iran's nuclear installations. Iran, the world's fourth-largest oil producer and OPEC's second-largest oil exporter, is very likely to retaliate by attacking the Strait of Hormuz (through which40 percent of the world's oil export passes), thus widening the oil crisis in a way that is reminiscent of the 1973 crisis triggered by the Yom Kippur War in the Middle East. Iran, the world...
...In its Medium-Term oil Market Report released on July 1, the International Energy Agenc...
...) and the IEA's Standing Group on the Oil Market which is scheduled to be held at the same location...-Presentation on the Medium-term Oil Market Report. --Update on the Near-Term Oil Market. --Follow-up...
... a wide range of goods to international markets. This, in turn, has led to an unprecedented spurt ..., the authors of the Medium-Term Oil Market Report, published in July 2007 by the International Energ...
...) and the IEA's Standing Group on the Oil Market on November 14 and 15, and a meeting of the SEQ on...13. Medium-term oil market report--closing comments. The expected agenda of the IAB ...
Oil prices have doubled since February without any help from fundamental demand. In fact, demand projections have been revised downward due to the global recession. Prices have responded to improving equity markets and hopes for economic recovery, as well as the weaker dollar, according to a report by Riyadh-based Samba. Hopes rest on a recovery in demand, which is not yet apparent, the bank says. With rising unemployment and higher gasoline prices, US drivers may not be as enthusiastic to hit the roads as the oil futures markets appear to believe, the bank says.
... Abu Dhabi's position in global energy markets, transform the emirate into a developer and export...South Korea and the UAE had reportedly explored the possibility of constructing a small p...
...Brand . Emerging markets . Human assets . Technology . We have included a s...
... the country's growing investments in markets abroad. Beijing has increasingly promoted investme... of many different Chinese ministries and reports directly to China's cabinet, the State Council. Gi...
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