USA - Oil Inventories unexpectedly higher

In his new book, Jay Hakes, former head of the U.S. Energy Information Administration, spells out how to play the need for energy independence. Go to Full Article ... more

In the energy market Wednesday, oil roared higher, with crude for December delivery closing at $67.50/barrel, up $4.77. November reformulated gasoline rose 7.75 cents, to $1.533/gallon. “The move in oil prices reflect an overly optimist[ic] view that rate cuts will spur increased economic demand for oil,� wrote Mark T. Williams, of Boston University, a former Fed examiner. “Unfortunately, if the looming global recession happens, further rate cuts will be needed to prop up the economy a... more

Country Analysis Brief: Caribbean Source: Energy Information Administration The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago. Agriculture and natural resource extraction activities continue to constitute the basis of the islands’ economies, though the tourism and service sectors are growing. In recent years, there has been concern that higher global oil prices will impair the Caribbean economies, as they are hig... more

Strengthening of rupee against dollar may leave thousands of textile employees jobless in the coming months. Around 70,000-80,000 workers are expected to lose jobs, as the rise of the r...... more

The textile industry, under pressure to meet export targets due to rupee’s appreciation against the dollar, could expect some relief measures from the government shortly, a top official said on Friday...... more

Mexico wants direct talks with Beijing to resolve a looming crisis over Chinese textile exports, Mexican Foreign Minister Patricia Espinosa said Friday. An agreement restricting Chinese ...... more

This year the agricultural workers of Uzbekistan have harvested over 3.7 million tones of cotton, reported the Ministry of Agriculture and Water Management of the Republic of Uzbekistan. "Undoubtedly ...... more