Snow: Oil Prices a Risk to Global Growth
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U.S. Treasury Secretary John Snow on  Friday said higher oil prices were a risk to global growth, but  were unlikely to trigger a recession.
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Higher oil prices pose the greatest threat to the world economy next year, but that will be only one of a number of risks facing global growth in 2005, namely depending too much
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Crude oil prices surged to a new high Monday on supply concerns ahead of the winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that prices could keep rising because of a sharp rise in global demand, tight supplies and threats to output in petroleum-producing nations such as Iraq and Nigeria.    Homeowners and energy-intensive industries could feel the sting from high oil prices worsen as seasonal demand picks up this winter, and there is already evidence that the supply disruptions caused by Hurricane Ivan are making it more costly to drive...
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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If the global economy slows, oil prices will fall. But probably not until after March.
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The high level of oil prices is posing a risk for the European economic recovery, European Union industry lobby group UNICE said.
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Global thirst for crude oil keeps growing, despite high prices. Just how much oil does the world have left, and what will happen when demand begins to outstrip supply?
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Is the Federal Reserve less sanguine about the effect the oil-price spike will have on the economy? Given the run-up in crude prices -- and rising fears that growth could be slowed measurably -- the markets
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Controlling growth in fuel consumption may become a strategic imperative for the West, as explosive demand growth in Asia threatens a damaging tussle for world supplies.
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Oil prices hit record highs on  Thursday, fueling gains in some energy stocks, but fears that  high power costs will dent household incomes, raise firms'  expenses and hurt global growth weighed on Asian share markets.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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Surging oil prices are a mixed blessing for the environment, experts say. Clean renewable energy and recycling are getting a major boost from 100-dollar-a-barrel crude -- but so are coal, a massive contributor to global warming, and nuclear power, which remains shadowed by safety concerns.
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High oil prices, which have een a factor in virtually all US recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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Global oil prices are likely to   continue volatile as supplies remain tight, the International   Monetary Fund's chief economist said on Thursday.
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THE sharemarket should take heart from US Federal Reserve chairman Alan Greenspan&#39;s comment that sky-high oil prices won&#39;t harm the US economy - as long as they don&#39;t go any higher.