The global economic recovery is losing steam in the face of a slowing U.S. rebound and tensions over currencies, and a debt crisis in Europe could trigger more weakness next year, the OECD said on Thursday. Get the full story »
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IEA: More need to be done to prevent oil price spike
Governments need to do more to increase efficiency and boost green technologies to avoid a spike in oil prices as energy demand is expected to jump 36 percent through 2035, the International Energy Agency warned Tuesday.
In its annual World Energy Outlook released, the Paris-based IEA said emerging nations like China will account for most of the surge in demand and that much will depend on the strength of the economic recovery over the next few years. Get the full story »
