Oil climbs above $74 on optimism about a global economic rebound

September 16th, 2009 Total sees oil production rebound in 2010PARIS — Total SA expects its oil production to rebound in 2010 after cuts by OPEC and falling demand caused by the global recession weighed on its output this year, the company said Wednesday. The forecast was included in slides on the French oil giant's Web site ahead of a presentation to analysts later in the day.

August 24th, 2009 Oil prices gain to above $74 on recovery hopesOil prices rose above $74 a barrel Monday, helped by rising stock markets and spreading optimism about a global economic recovery. Expectations that demand for energy will grow were spurred by Federal Reserve Chairman Ben Bernanke, who said Friday that the U.S.

August 24th, 2009 Oil prices gain to around $74 on recovery hopesOil prices increased slightly to around $74 a barrel Monday, helped by rising stock markets and spreading optimism about a global economic recovery. Expectations that demand for energy will grow were spurred by Federal Reserve Chairman Ben Bernanke, who said Friday that the U.S.

August 21st, 2009 Oil prices hit 10-month high as optimism growsNEW YORK — Oil prices jumped Friday to a new high for the year after Federal Reserve Chairman Ben Bernanke said that the U.S. economy is nearing a recovery and other economic data backed him up.

August 20th, 2009 Stocks little changed at Wall Street openNEW YORK — Stocks are little changed in early trading, with investors wary of making big moves after a worse-than-expected weekly jobs report. The Labor Department says new claims for unemployment benefits jumped unexpectedly to 576,000 last week.

August 19th, 2009 Survey: Optimism about global economy is growingNEW YORK — A new survey by Banc of America Securities-Merrill Lynch showed optimism among portfolio managers about the chances for global economic recovery rising to their highest level in nearly six years. Three-quarters of the 204 fund managers polled in the monthly survey said they believe the world economy will strengthen over the next 12 months, the highest reading since November 2003.

August 13th, 2009 Japan stocks rebound on Fed's economy callTOKYO — Japanese shares rebounded Thursday, lifted by optimism over a global economic recovery after the U.S. central bank upgraded its economic outlook.

July 31st, 2009 Oil extends rally to above $67 as stocks jumpSINGAPORE — Oil prices jumped above $67 a barrel Friday in Asia, extending a big rally from the previous day as surging stock markets fueled investor optimism. Benchmark crude for September delivery was up 62 cents to $67.56 a barrel by midday Singapore time in electronic trading on the New York Mercantile Exchange.

July 27th, 2009 African economic growth seen halving to 2.8 pctJOHANNESBURG — A new report says Africa has been "gravely affected" by the global economic downturn and that its growth rate will halve this year due to collapsing commodity prices and a decline in donor funding. The 2009 African Economic Outlook finds that after a decade of above 5 percent economic growth, the continent can expect only 2.8 percent in 2009.

July 10th, 2009 IEA forecasts strong rebound in oil demandPARIS — Global oil demand will rebound 1.7 percent next year as recovery in developing countries helps counter a two-year drop in oil usage sparked by the global recession, the International Energy Agency said Friday. The Paris-based agency predicted Friday in its closely watched monthly survey that global oil demand will increase by 1.4 million barrels a day in 2010 to 85.2 million barrels a day.

July 7th, 2009 European stocks edge up despite Nikkei's 5th fallLONDON — European stock markets rose modestly Tuesday following late day-before gains on Wall Street — but the fifth straight retreat on Japan's main Nikkei index provided ample evidence that investor sentiment remains extremely fragile. In Europe, the FTSE 100 index of leading British shares was up 17.66 points, or 0.4 percent, at 4,212.57 while Germany's rose 9.35 points, or 0.2 percent, at 4,661.17.

June 29th, 2009 European economic confidence climbsBRUSSELS — European business and consumer confidence climbed for the third month in a row in June but still languished near its lowest point in two decades, the European Commission said Monday. It said the main players in the economy "seem to be gaining confidence that the crisis is easing" as industrial and services companies expect to be employing more people in future and consumers are worrying less about losing their jobs.

June 17th, 2009 ON BOARD AIR INDIA ONE - With the Indian economy showing signs of recovery, Prime Minister Manmohan Singh Wednesday said the country had borne the global downturn "well" and called for a new world economic architecture. "We live in times of rapid economic change when the BRIC economies are a factor of stability and growth," Manmohan Singh told journalists while returning from Russia.

June 11th, 2009 Oil climbs above $72 on economic recovery hopesSINGAPORE — Oil prices climbed above $72 a barrel Thursday in Asia as investor optimism about a global economic recovery pushed crude to fresh highs for the year. Benchmark crude for July delivery rose was up 72 cents at $72.05 by early afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

December 22nd, 2008 AHMEDABAD - Despite the global economic slowdown, Gujarat is still on 'investors' radar' and has the potential to take the maximum advantage of the economic situation, Chief Minister Narendra Modi said Tuesday. Laying foundation stone for Dishman Pharma's chemicals and engineering special economic zone (SEZ) at Bavala-Bagodara near here, he said: 'Gujarat is marching on the path of progress when global banks, insurance companies and firms are in the grip of economic crisis.' 'The Delhi-Mumbai Industrial Corridor Project is going to change the contours of industrial development maps.