Thu, May 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commodity Crisis more

Sated on commodities, euro zone still poses contagion risk

Posted on 26 October 2011

The empires and periodic invasions of yesteryear are long gone, but Europe still has a talent for fomenting global crises. That applies to commodities—though not necessarily because of the Old Continent’s absolute demand.

In 2005, the euro zone’s current members burned 11.5 million barrels of oil a day, or 13.6% of global demand, according to the U.S. Department of Energy. Come 2010, as the euro zone slipped into an existential funk, oil demand was down to 10.6 million barrels a day, or 12.1%………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31