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Global update
Oil and gas updates from around the globe
Succeeding in a constrained financial environment
In a market where finance is expensive and difficult to obtain, companies need to free capital from within the business, says Huw Richards, Managing Director, EMEA Debt Capital Markets, J.P. Morgan.
Cracking down on oil speculation
Policymakers in the USA and Europe recently launched efforts to crack down on speculation in oil markets as a result of concerns that a sharp rise in oil prices could worsen the global economic crisis.
Oil price and carbon dioxide concerns
During the 2009 G8 summit, world leaders met to address growing concerns over rising
oil prices and the slowing global economic recovery.
IMF expects about $70 a barrel
The recent sharp rebound in oil prices appears to have been driven by speculative bets and is unlikely to be maintained without a recovery in real demand, according to the International Monetary Fund (IMF).
Strategic EU energy review
The EU recently announced that member states will be required to publish details of their oil stocks on a monthly basis.