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OPEC ready to cut oil production in 2013 amid oil prices drop
The Organization of Petroleum Exporting Countries (OPEC) announced this week that it will keep its oil output limit at 30 million barrels per day, with production running about 1 million barrels a day above the level of supply that OPEC expects the world will need from it next year. This decision was taken in reaction to higher output from the major consumer United States and a decrease of energy demand which will cause a fall of prices as predicted by some analysts.
read more... 14/12/2012
Reactions after S&P downgraded euro zone countries ratings
On Friday, Standard & Poor downgraded the triple-A ratings of nine euro zone countries, with France and Austria among them. Following are reactions from euro zone governments to the decision.
read more... 19/01/2012