Surging oil prices &#39;a threat to EU recovery&#39;
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BERLIN: Surging oil costs heighten the risks to the euro zone recovery, European Central Bank President Jean-Claude Trichet said yesterday in an interview that pushed prospects for a credit tightening further into the background.
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Oil prices above $50 a barrel â-nd rising â - now starting to adversely affect the economy and consumers in ways that had not been happening only a few months ago.
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A top European Union economic official Friday played down the impact of rising oil prices on the bloc&#39;s economic recovery.
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Oil prices hit new highs on both sides of the Atlantic this morning as a threat by Norwegian shipowners to halt production from the world&#39;s third biggest exporter fuelled fears of a winter supply crunch.
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Oil prices climb a dollar to tip beyond $70 a barrel in London as fears over supplies increase.
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Recovery in the eurozone is battling higher oil prices and a rising euro as monetary union has so far failed to spur sustained economic dynamism in the 12 nations using the single European currency, the OECD revealed.
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The European Central Bank president warns that rising inflation fuelled by oil prices remains a concern.
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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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Business & money: Motorists set to face higher prices at petrol pumps after cost of oil surges above $79 a barrel.
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RECORD oil prices are likely to depress growth in the 12-nation eurozone next year, the European Commission warned yesterday as crude stayed close to the all-time highs it hit on Monday.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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Oil futures prices rose in Europe on Friday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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FRANKFURT At the end of a year that has seen a tepid European economic recovery shaken by high oil prices and a strong currency, the European Central Bank is facing a dilemma for which the best solution may simply be to wait.
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BRUSSELS  - A top European Union economic official is playing down the impact of rising oil prices on the bloc's economic recovery.
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Eurozone finance ministers expressed disquiet at a new surge in oil prices with France calling for urgent action by the European Union to address the latest threat to the bloc's economic growth.
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Oil prices approach record highs as the weak dollar and more worries about supply inflate prices.
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European airlines hoping for a 2005  industry recovery face new hurdles as record high oil prices  threaten to drive up costs and fuel surcharges for passengers,  officials said.