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IEA cuts global oil demand forecasts

Paris (AFP) — Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency said Friday, citing slowdowns in China and the United States in particular. “Sluggish economic growth could restrict annual oil demand growth to 0.9 million barrels per day in 2012 and 0.8 mbpd in 2013, with demand …

Daily News Egypt

Bahrain reinstates ambassador to Iran

Dubai (AFP) – Bahrain said Sunday it has reinstated its ambassador in Iran, more than a year after recalling the envoy over Tehran’s strong condemnation of Manama’s brutal crackdown on Shiite-led protests. “The ambassador of the kingdom to the Islamic Republic of Iran has returned to his work in Tehran,” announced Foreign Minister Sheikh Khaled …

Daily News Egypt

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