 | No shortage in oil
market, says Sada THE global oil markets are
well supplied, Minister of
Energy and Industry HE Dr
Mohammad bin Saleh al
Sada said on Tuesday,
adding that ´all issues´ would
be discussed at the OPEC
meeting in Vienna next
month.
"We cannot see any shortage
of oil in any part of the
world,".
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| | Oil slips to $92 as dollar
gains on euro, yen |
 THE price of oil slipped to
near $92 a barrel on Tuesday,
on concerns about global economic
growth and news that
that Iran will allow the UN
nuclear agency to restart a
probe into its nuclear
programme.
By early afternoon in
Europe, benchmark oil for
June delivery was down 44
cents to $92.13 a barrel in
electronic trading on the New
York Mercantile Exchange.
The contract rose $1.09 to
settle at $92.57 in New York
on Monday.
In London, Brent crude for
July delivery was up 14 cents
at $108.95 per barrel on the
ICE Futures exchange.
Crude has slumped from
$106 earlier this month on
fears that global economic
growth might slow more than ... | | | Qantas splits
international,
domestic
operations |
 QANTAS Airways is separating
its loss-making international
business from its profitable
domestic operations,
and assigning the boss of its
frequent-flyer division, the
airline´s No 2 money spinner,
to turn around the ailing
global segment.
The restructuring is meant
to show Qantas unions, the
government and other stakeholders
that Australia´s top
airline needs to fix the bleeding
international operations
which have been hit by rising
costs and weak travel
demand, analysts said.
Qantas´s plans to cut costs,
which are nearly a third more
than peers in low-cost Asia,
have been opposed by unions
who have repeatedly called it
a very profitable organisation ... | | | Global outlook cloudy: OECD |  THE United States and Japan
are leading a fragile economic
recovery among developed
countries that could yet be
blown off course if the eurozone
fails to contain the damage
from its problem debtor
states, the OECD said on
Tuesday.
In its twice-yearly economic
outlook, the Paris-based
Organisation for Economic
Co-operation and Development
forecast that global
growth would ease to 3.4 percent
this year from 3.6 percent
in 2011, before accelerating
to 4.2 percent in 2013, in
line with its last estimates
from late November.
"The global economic outlook
is still cloudy," OECD
Secretary General Angel Gerri
told reporters.
"At first sight the prospects
for the global economy are... | |
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