global demand

Opec leaders meet in Cairo, as oil prices remain below $55 a barrel on fears that global demand is set to fall further.

Oil prices spiked on Tuesday after BP shut down an oil pipeline in Georgia, but then flattened out as investors continued to worry about weakening global demand.

After some hemming and hawing on the matter, Saudi Arabia looks ready to increase oil production in an effort to reduce oil prices.

According to reports, the Kingdom is concerned that high oil prices will eventually shrink global demand for oil.

Global demand for mobile phones remain strong, despite high food prices and the credit crisis, figures show.

The price of a barrel of oil hit $100.88 on the New York Mercantile at the end of trading Tuesday. Prices rose even higher in overseas trading.

Analysts point to rising global demand and concerns over supply.

» E-Mail This     » Add to Del.icio.us

Global demand for wood is threatening the long-term survival of Africa's forest dwelling communities.

Airbus expects air passenger traffic to treble in the next two decades, creating global demand for 24,300 aircraft.