Brent crude held steady above $119 a barrel on Tuesday as China’s manufacturing activities grew, providing a bright spark amid a gloomier economic outlook in the euro zone and the US that could depress fuel demand.
Brent crude edged lower towards $119 per barrel on Monday as economic woes in developed economies stoked fears of lower fuel demand, although the prospect of a third round of monetary easing by the US limited its decline.
In early 2006, ExxonMobil was caught in the middle of a standoff between the authoritarian leader of Chad, Idriss Deby, and Paul Wolfowitz, the head of the World Bank, journalist Steve Coll says in his new book on the world’s biggest oil company.
Oil prices were little changed on Friday in very light, tug-of-war trading, as concerns about economic growth were countered by hopes for additional easing by the Federal Reserve to boost a sputtering US recovery.
An Environmental Protection Agency official has apologised for a 2010 comment comparing the regulator to the Roman conquerers, which triggered an outcry this week when a video recording surfaced on the Internet.
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