UAE GDP up $62bn in 2011: IMFEmirates 24/7IMF projected GDP to hit another record of Dh1,419 billion in current prices in 2012 as it expects oil prices to remain high. The surge in crude prices by nearly 50 per cent in 2011 along with high production p…

The Express TribuneNext fiscal year: Govt likely to keep petroleum levy target unchangedThe Express TribunePHOTO: FILE The government is likely to set the target for petroleum levy on oil products at Rs120 billion for next financial year 2012-13, which…

Globe and MailImperial Oil's Kearl output will push prices down, analyst saysEdmonton JournalEDMONTON — Alberta's heavy crude prices are set to fall later this year when Imperial Oil begins producing 110000 barrels per day of bitumen at its K…

Wilkes Barre Times-LeaderLower oil prices ease load on consumers and ObamaWilkes Barre Times-LeaderIn this Sunday, May 13, 2012, photo, gas prices are displayed on a board at a Hess station in Hoboken, NJ Oil and gasoline prices are sinking, giving rel…

Should crude prices continue to fall or stay at the current lower levels, prices should also then drop for oil products such as gasoline, which would ease global inflation pressures and give policymakers more room to implement stimulus measures or loos…

Oil and gasoline prices are sinking … No one is yet overflowing with glee over current prices. So far this year, gasoline has averaged $3.67 a gallon nationwide. If sustained all year, that would be the highest annual average ever.

… around $15 gradually over the last two months as tensions in the Middle East have eased and oil supplies have increased. “Even current prices are far too high for the current economic context… and pose a serious risk,” the IEA’s chief …

“If oil prices break below $102.00 … a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical …

New University Study: Ethanol Reduced Gas Prices by More than $1 per Gallon in …MarketWatch (press release)Three primary factors are responsible for ethanol's more robust price benefit at the pump in 2011: higher oil and gasoline prices, higher e…

“The West Coast is zigging while the rest of the country is zagging,” said Tom Kloza, publisher and chief oil analyst at the Oil Price … but analysts blame the current price spike on the failed restart of a BP refinery in Blaine, Wash.,