Oil eases below $72 on demand doubts

U.S. crude oil slipped below $72 a barrel on Friday, snapping a three-day winning streak as investors questioned whether the pace of demand recovery justified current prices. U.S. crude for October delivery

The Elders in Cyprus to help peace process

A two-member delegation from The Elders are in Cyprus for contacts, as part of their initiative to garner regional support and encouragement for the peace process between the island’s two communities. The

IEA sees higher global oil use as economy recovers

Global oil demand will be almost 0.5 million barrels per day (bpd) higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said.