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OPEC leaves 2012 oil demand steady, pumps more

By Alex Lawler/Reuters LONDON: OPEC left its forecast for world oil demand growth in 2012 unchanged for a second month, saying there were signs that a slowdown in global economic activity is easing. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said world oil demand would rise by 860,000 barrels …


The energy deficit

By Michael Spence MILAN: I have been surprised by the recent coverage in the American press of gasoline prices and politics. Political pundits agree that presidential approval ratings are highly correlated with gas prices: when prices go up, a president’s poll ratings go down. But, in view of America’s long history of neglect of energy security …


OPEC pumps record volumes despite demand worry

By Zaida Espana and Dmitry Zhdannikov / Reuters LONDON: Europe’s debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production. The Organization of the Petroleum Exporting Countries (OPEC) retained its …


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