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Britain is threatened by an “energy crunch” with disastrous social and economic consequences because of the impact of the financial crisis on the industry’s investment plans, a committee of MPs has warned. The Commons’ business and enterprise committee said just as the government had intervened to support the banks, it needed to step in to [...]
Merrill warns oil prices could fall to $25 Merrill Lynch warned that oil prices could fall as low as $25 a barrel next year if the recession affecting the US, Europe and Japan extended to China, the main driver of demand growth in commodity markets in recent years. Francisco Blanch, head of commodities research at [...]
Commodities prices at six-year lows Commodities prices fell on Wednesday to a six-year low, with oil prices falling to $46 a barrel in spite of a promise from Qatar that Opec will cut its production in two weeks. The Reuters-Jefferies CRB index, a global benchmark for commodities prices, dropped 0.7 per cent in early trading [...]
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