The secretive world of Middle East oil deals will be thrown open in Baghdad next week when a contract auction is broadcast live.
Oil at a barrel should give exporters every incentive to pump more, but their difficulty in doing so shows the world is struggling to sustain production. A growing number of leading industry figures now question mainstream forecasts for supply, suggesting the era of ”plateau oil” is nearer than many had admitted.
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/ 10 November 2007
The threat of serious flooding along England’s east coast receded on Friday after officials said the main tidal peak had passed, although storms were still causing problems elsewhere in Europe. High seas still threatened The Netherlands, Belgium, Germany, Norway and Sweden.
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/ 9 November 2007
Oil prices rose on Friday to regain ground lost in a fall the previous session, as persistent supply concerns and a late rebound in United States stocks offset worries about US economic growth. Wall Street fell on Thursday but finished well off its lows after a late rebound in financial shares lifted other stock sectors.