World energy use will rise rapidly over the next 20 years, increasing costs and greenhouse gases unless a deal is reached to curb carbon dioxide emissions, the International Energy Agency (IEA) said on Tuesday.
The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reports, citing an unidentified IEA "whistleblower."
China will lift gasoline and diesel prices by around 7 percent from 1600 GMT on Monday to reflect the rising cost of crude oil, taking pump prices to their highest ever, a government official told Reuters on Monday.
Ida weakened to a tropical storm Monday as it churned toward oil and gas facilities in the Gulf of Mexico and was forecast to hit the U.S. Gulf Coast early Tuesday between Louisiana and Florida.
Oil prices fell nearly 3 percent on Friday after data showed the U.S. jobless rate jumped to a 26-1/2-year high of 10.2 percent in October, raising concerns about a potential rebound in fuel demand.
The United States has set preliminary anti-dumping duties ranging from 36.53 percent to 99.14 percent on Chinese-made steel pipe used in wells to extract oil from the earth, a source familiar with the situation said on Thursday.
Honda Motor aims to improve its cost structure to be able to break even in Japan using just 70 percent of its capacity to build cars, a top official at Japan's second-biggest automaker said on Wednesday.
Oil prices rose 1 percent on Wednesday, extending the previous session's gain, after a U.S. government report showed a surprise decline in crude stocks in the world's largest consumer.
The United Auto Workers union had given local unions until Monday to complete voting. But a person briefed on the voting said Saturday that the contract changes have been rejected by large margins.
Oil rose nearly 2 percent Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.
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