Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday.
Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behaviour changes could be permanent, industry executives say.
With household budgets
A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc's longest slump.
Stronger-than-expected growth from Germany to Por
Political turmoil pushed Egypt deeper into recession in August, with growth in non-oil private business activity falling for a tenth straight month and both output and new orders down, a survey showed on Tuesday.
The seasonally ad
The cheery freeze frame of the euro zone economy last quarter is no guarantee of a happy ending to what has been a horror movie for most of the single currency bloc since the onset of the great financial crisis.
The German and French economies grew faster than the United States in the second quarter, pulling the euro zone out of its longest recession.
Growth in the 17-country bloc was 0.3 percent from the previous quarter, with its two bi
Europe's factories delivered more signs last month the region is gradually leaving recession behind, according to business surveys that also eased immediate fears over the health of China's economy.
What do you buy the nation that already seems to have everything? That is the question facing Japanese Prime Minister Shinzo Abe as he aims to spend more than $100 billion on infrastructure in the next 15 months to help revive
The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year.
It marked the currency bloc's first full year in which no qu
Britain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London's Olympics pushing it perilously close to a "triple-dip" recession.