Dubai EFS jumps to highest since Opec cutExchange of Futures for Swaps (EFS) for May jumped to $2.50 a barrel on Thursday, the highest level since December 2008 when Opec producers began record supply curbs, traders said. This raised the issue of whether Asian refiners would redu More… |
IMF warns of recession after Opec output cutThe IMF has urged action to stave off a global recession as a record slash in oil output by Opec and a Wall Street baron's court appearance underlined the strains in the global economy. The call for industrialised nations to increase f More… |