“In light of the current economic environment, it appears that the Kingdom is still concerned that high oil prices will eat into demand and could dampen any economic recovery,” JBC Energy said in a note to clients. Higher production from Saudi Arabia h…

Oil Trades Near Two-Day High in New York on Retail SalesBloombergThe current level of oil prices is a “serious risk” to the global economic recovery, Fatih Birol, chief economist at the International Energy Agency, said at a conference in Amsterdam…

ASB sees petrol price rise as minor threat to recoveryNew Zealand HeraldRising oil prices will be a worry at the pumps but pose only a minor threat to New Zealand's gradual economic recovery, which economists predict is likely to be driven by domes…

This amount equates to 36 days of oil at current U.S. consumption levels of 19.5 million … public-opinion polls indicate. High oil prices could derail the fragile U.S. economic recovery in a presidential election year, analysts say.

details emerged of a possible plan to for the two nations to co-ordinate a release of strategic oil reserves to counter the current increases in prices which threaten the economic recovery – and Barack Obama’s re-election hopes. The discussions in the …

“Oil prices at current levels are so high that it’s not consistent with a sustained economic recovery.” The U.S. SPR, the world’s largest strategic reserve, can hold as much as 727 million barrels of light oil, equivalent to just over a month of U.S. daily consumption.

“Oil prices at current levels are so high that it’s not consistent with a sustained economic recovery.” The U.S. SPR, the world’s largest strategic reserve, can hold as much as 727 million barrels of light oil, equivalent to just over a month of U.S. daily consumption.