(EnergyAsia, June 6 2011, Monday) — Desperation appears to be creeping in among consumer nations as oil prices hold stubbornly around US$100 a barrel, barely acknowledging the bearish impact of recession and killing off hopes for even a fragile global economic recovery.If NATO’s invasion of Libya was motivated by its light, low-sulphur oil, the International…
MARKETS: Desperate IEA wants more oil from producers as US nabs two traders for 2008 spike
Posted on June 6, 2011 by EnergyAsia