Oil costs 'pose risk to business'
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The manufacturing recovery is under threat because of the rising price of oil and other commodities, according to CBI boss Digby Jones.
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Business risk is something that anyone involved in commerce has to assess on a daily basis. But last week saw several major shifts in geo-politics that will impact on the outlook for Middle East business in the years to come.
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Political headwinds are likely to batter this oil producer's results.
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High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the U.S. economy.
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The soaring price of crude oil has become a risk for the world economy and will have a visible impact over growth next year, said International Monetary Fund Managing Director Rodrigo de Rato.
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A top level report on artic climate change spurred by global warming has outlined possible oil industry benefits, but also many potential pitfalls.
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CANNES, France  - Concerns about soaring oil  prices and terrorism have injected fresh caution into global  markets over the last six months, executives and investors said  at a technology conference in Cannes.
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Business & money: Opec under pressure to increase production after warning that prices could peak by end of year.
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For some workers, businesses and organizations, the spike in energy prices -- for gas, diesel fuel or heating oil -- is changing the way they live, work and think about the future.
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The higher crude prices could put a new drag on the economy at a time when it seems to be weakening.
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A Goldman Sachs  projection that  oil prices could top &#36;100 a barrel in the event of a major  supply disruption could be conservative in the current tight  market, said a senior executive with the investment bank.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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Record oil prices are having a limited impact on the global economy but the risk of economic disruption remains high, the head of the International Monetary Fund said Thursday.
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Some experts fear that a boom in gas demand for electricity generation will send prices even higher.
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Business & money: Motorists set to face higher prices at petrol pumps after cost of oil surges above $79 a barrel.
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Business & money: Budget airline warns that profits could fall by up to 50% next year on the back of high oil prices
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The International Monetary Fund warns that rising oil prices might slow down worldwide economic growth.