Issue: 0816|Tuesday, April 15, 2008
Hedge fund controls sufficient: FSA
Pension Funds want HFs to meet Standards
Criticism of Hedge Funds unfair: AIMA
LBO market boost by HF debt buying
Exchange price v last traded
Regulatory reforms to ease economic downturn
US toughens stand on dollar
Cash rich corporations equipped for slump
 
 
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Slowdown to hit world oil demand

The International Energy Agency (IEA) has cut its forecast for oil demand in 2008 on expectations of a global economic slowdown.

The IEA has cut its 2008 forecast by 310,000 barrels per day to 87.2 million barrels per day. The revision came after new projections on slower worldwide economic growth by the International Monetary Fund. But demand for oil, which hit a record above $112 on Wednesday, is still expected to be 1.5% higher than 2007.

On Friday, US light, sweet crude for May delivery rose 41 cents to $110.52 a barrel in Asian electronic trading. (Read more..)


Source : BBC NEWS
 
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