HOUSTON — World demand for oil should continue to climb, despite the doubling of oil prices and weakening economic growth, according to a report released Tuesday by the International Energy Agency. That should mean tightening supplies, decreasing the odds that
QANTAS has raised the prospect of further route cuts, even higher fares and the grounding of more aircraft if the price of jet fuel continues to climb. The airline, which is embroiled in damaging industrial disputes with key parts of
King Abdullah of Saudi Arabia, whose nation is the world's number one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday. "Consumer countries have to adapt to the prices and the mechanisms
MADRID (AFP) — The head of the International Energy Agency said Tuesday he would press G8 leaders at a summit next week to adopt commitments to energy efficiency measures as part of the fight against climate change. "We are recommending
July 1 (Bloomberg) -- Wind, solar and biofuel companies received a record $148 billion in new funding last year as rising oil prices and climate-change rules encouraged investment in renewable energy, the United Nations Environment Program said. Wind power attracted
Should it happen that a strong government finds it may with impunity destroy a weak people, then the hour strikes for that weak people to appeal to the League of Nations to give its judgment in all freedom. God and
Remember Julian Simon, the guy who argued that resource prices would fall, fall, fall in real terms? I loved spending time with him and to this day he remains an underrated economist. (By the way, the very first piece I
WASHINGTON (AP) — High gasoline prices have dramatically changed Americans' views on energy and the environment with more people now viewing oil drilling and new power plants as a greater priority than energy conservation than they did five months ago,
Washington (dpa) - The World Bank on Tuesday approved the creation of multi-billion-dollar global funds to help poor countries tackle global warming and boost investment in renewable technologies. The Clean Technology Fund is expected to receive at least 5 billion
As oil set a new record, top industry executives and a senior EU official on Monday urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that -- even if it does -- costly crude
Frustrated Iraqis trying to tank up their cars faced miles-long gas lines on Tuesday — a stark reminder that a country with one of the world's largest oil reserves still has major challenges delivering fuel to its people. The lines
Hauliers will take their lorries to London on Wednesday in what is expected to be the biggest fuel protest so far against record-high fuel prices. This time the lobby group Transaction 2007 will have the support of the Road Haulage
Passengers are witnessing the end of an era of cheap airfares as record-high oil prices erode travel demand and reshape the world's airline industry, says Robert Milton, chief executive officer of Air Canada's parent company. Discount carriers are suffering more
The U.S. auto industry's slide grew worse in June as it reached the midpoint of a dismal year, with collapsing demand for trucks and SUVs leading Ford Motor Co. (F) to post a 28% sales drop. The declines were exacerbated
China is the world's foremost coal producer and consumer, surpassing the United States by a factor of two on both scores and accounting for 40 percent of total world production. Moreover, its coal consumption has been rising rapidly, at a
Eurozone inflation surged to an all-time high of 4pc in June despite worrying signs of a slump in manufacturing, confronting the European Central Bank with the toughest challenge since its creation a decade ago. Soaring oil and food prices guarantee
A severe fuel shortage in Chennai has left motorists struggling. With almost all petrol stations shut, people have been forced to queue outside a few opens ones for hours just to get a few litres, but pump owners claim the
Utah this summer will become what experts say is the first state to institute a mandatory four-day work week for most state employees, joining local governments across the nation that are altering schedules to save money, energy and resources. Gov.
Truckers across the country will go on an indefinite strike from midnight tonight to push their demand for abolishment of toll tax and rationalisation of duty of diesel, the transporters' apex body said on Tuesday. "We will go on an
