IEA trims 2005 world oil demand growth forecast
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PARIS  - The International Energy Agency trimmed its forecast for growth in global oil demand next year but warned that prices were likely to remain high and dismissed producer fears of a sharp fall as &quot;overstated.
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An extra 3 million barrels per day (bpd)  of production capacity worldwide is needed to avoid another  year of blistering oil prices, International Energy Agency  (IEA) executive director Claude Mandil warned on Sunday.
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The International Monetary Fund has cut  its forecast for global growth next year slightly amid  expectations that the U.S. and Chinese economies will not  expand as strongly as previously thought.
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The German government says surging oil prices are on track to trim economic growth by 0.25% this year.
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The International Monetary Fund warns that rising oil prices might slow down worldwide economic growth.
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Business & money: Â· IEA attacks countries with tight grip on production  Â· Demand for gas and oil growing faster than ever
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High oil prices dealt Germany&#39;s economy an unexpectedly severe blow in the third quarter, data showed on Thursday, leading economists to trim their growth forecasts for the 12-nation euro zone.
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The International Monetary Fund has cut its forecast for global growth next year slightly amid expectations that the US and Chinese economies will not expand as strongly as previously thought.
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Oil prices ended lower on Tuesday on signs that high energy costs are slowing the economic growth that has fueled this year's sharp increase in world oil consumption.
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Soaring oil prices have dealt a blow to global economic growth in recent months, but fatter corporate profits and investment should facilitate a rebound in 2005, the OECD said Tuesday.
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Oil prices soared on Thursday after the  International Energy Agency warned that faster-than-expected  demand and disappointing world supply growth threatened to keep  the strain on world supplies.
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The head of the Organization of Petroleum Exporting Countries forecast on Monday global crude prices would soon fall, partly because of expected supply increases from Iraq.
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US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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PARIS : The heat has gone out of the underlying forces in the oil market and only short-term factors are keeping the oil price at about 40 dollars per barrel, the International Energy Agency (IEA) concluded.
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US economists have trimmed their forecasts for hiring and economic growth in view of steep energy prices and other factors, a Wall Street Journal survey showed.
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High global oil prices are likely to  ease to $56 a barrel in 2007 and fall further to just below $53  in 2008 as supplies increase and demand growth eases, the World  Bank said on Wednesday.
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High global oil prices are likely to ease to $56 a barrel in 2007 and fall further to just below $53 in 2008 as supplies increase and demand growth eases, the World Bank said on Wednesday.