BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[IEA Again Ups 2010 Global Oil Demand Forecast]]>http://www.bloggingstocks.com/2010/02/12/iea-again-ups-2010-global-oil-demand-forecast/http://www.bloggingstocks.com/2010/02/12/iea-again-ups-2010-global-oil-demand-forecast/http://www.bloggingstocks.com/2010/02/12/iea-again-ups-2010-global-oil-demand-forecast/#commentsFiled under:

Notch another positive data point for the global economic recovery. The International Energy Agency has increased its 2010 global oil demand forecast by 170,000 barrels per day, to 86.5 million barrels per day (bpd), which represents a 1.6% bpd increase from the same period a year ago.

Further, in its February report the IEA forecasts that all of the demand increase will occur in emerging markets, or in what the IEA calls non-Organization for Economic Cooperation and Developed (OECD) countries. Oil traded Friday afternoon down $1.81 to $73.47 per barrel.

Continue reading IEA Again Ups 2010 Global Oil Demand Forecast

IEA Again Ups 2010 Global Oil Demand Forecast originally appeared on BloggingStocks on Fri, 12 Feb 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>IEAinthenewsoecdoilFri, 12 Feb 2010 16:20:00 EST<![CDATA[OECD: 2010 unemployment to pass WWII level]]>http://www.bloggingstocks.com/2009/09/17/oecd-2010-unemployment-to-pass-wwii-level/http://www.bloggingstocks.com/2009/09/17/oecd-2010-unemployment-to-pass-wwii-level/http://www.bloggingstocks.com/2009/09/17/oecd-2010-unemployment-to-pass-wwii-level/#commentsFiled under: ,

While we may be focused on unemployment in the United States, the loss of jobs has become a truly global affair. Next year, unemployment rates in the industrialized world are expected to hit their highest levels since the second world war, according to the Organization for Economic Cooperation and Development (OECD).

Projections put the jobless rate for the 30 countries that belong to the OECD at 10% in the second half of 2010, which translates to 57 million people without jobs. Unemployment reached its highest post-war level in June at 8.3%. The organization calls the short-term outlook "grim," especially with the early stages of a recovery next year anticipated to be cautious.

Continue reading OECD: 2010 unemployment to pass WWII level

OECD: 2010 unemployment to pass WWII level originally appeared on BloggingStocks on Thu, 17 Sep 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsjobless ratenetherlandsoecdorganization for economic cooperation and developmentspainunemployment rateThu, 17 Sep 2009 11:20:00 EST<![CDATA[Is your pension plan safe?]]>http://www.bloggingstocks.com/2009/06/23/is-your-pension-plan-safe/http://www.bloggingstocks.com/2009/06/23/is-your-pension-plan-safe/http://www.bloggingstocks.com/2009/06/23/is-your-pension-plan-safe/#commentsFiled under: , , ,

Is your pension safe? This is the question that is being raised by the Organization for Economic Cooperation and Development (OECD.)The financial crisis of the past two years is wrecking havoc on pension plans throughout many countries of the world and could set off a new time bomb, this time a social crisis.

We should note that there are two kinds of popular pension plans. First we have the "defined benefit" (DB) plan where the benefit on retirement is determined by a set formula, rather than depending on investment returns. The second type is the "defined contribution" plan. Here contributions are paid into an individual account by each member. This money is then invested in stocks, bonds, etc. Monies can be contributed by both employers and employees. This type of plan is more vulnerable because it is subject the the ups and downs of the market.

Continue reading Is your pension plan safe?

Is your pension plan safe? originally appeared on BloggingStocks on Tue, 23 Jun 2009 15:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredOECDpension crisisPensionCrisisTue, 23 Jun 2009 15:10:00 EST<![CDATA[Oil falls to $35 after OPEC again cuts 2009 global oil demand forecast ]]>http://www.bloggingstocks.com/2009/01/15/oil-falls-to-35-after-opec-again-cuts-2009-global-oil-demand-fo/http://www.bloggingstocks.com/2009/01/15/oil-falls-to-35-after-opec-again-cuts-2009-global-oil-demand-fo/http://www.bloggingstocks.com/2009/01/15/oil-falls-to-35-after-opec-again-cuts-2009-global-oil-demand-fo/#commentsFiled under: , ,

There once was a time when the oil bulls had the upper hand: word of a refinery outage in Louisiana or unrest in Nigeria would send oil rocketing $3, sometimes $5 higher in a morning session.

Then the financial crisis occurred, the U.S. and global economies fell into recessions, sapping oil demand, and now the oil bears have the hammer: oil rallies are corrective at best, Pyrrhic at worst.

Case in point: oil's most recent rally from the mid-$30 range about two weeks ago to above $50 in early January: a sizable percentage move, but ultimately fleeting - - oil fell $1.88 to $35.26 per barrel Thursday at mid-day after OPEC again cut its 2009 forecast for global oil demand.

In its January report, OPEC said it now expects the OPEC production component of 2009 global oil demand to fall 1.4 million barrels per day (bpd) to 29.5 million bpd.( pdf)

Further OPEC, also sees a "major contraction" in Organization for Economic Cooperation and Development (OECD) demand in 2009, including a 1.1 million bpd decline in U.S. oil consumption.

Continue reading Oil falls to $35 after OPEC again cuts 2009 global oil demand forecast

Oil falls to $35 after OPEC again cuts 2009 global oil demand forecast originally appeared on BloggingStocks on Thu, 15 Jan 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsOECDoil pricesOPECThu, 15 Jan 2009 13:40:00 EST<![CDATA[OECD forecasts global recession for 2009]]>http://www.bloggingstocks.com/2008/11/14/oecd-forecasts-global-recession-for-2009/http://www.bloggingstocks.com/2008/11/14/oecd-forecasts-global-recession-for-2009/http://www.bloggingstocks.com/2008/11/14/oecd-forecasts-global-recession-for-2009/#commentsFiled under: , , ,

So much for the 'decoupling' thesis -- the belief that emerging market economies could maintain adequate global growth in the face of a developed-world recession.

All of the world's major economies -- the United States, the European Union, and Japan -- have most likely slid into a recession -- the Organization for Economic Cooperation and Development (OECD) announced in its most recent projection.

A tri-polar contraction

The OECD sees GDP in the three major zones contracting 1.4% in Q4 and 0.4% for all of 2009 -- a decline in output that will create a global recession for at least the first half of 2009.

Economist Richard Felson told BloggingStocks Friday it's difficult if not impossible to put a positive spin on the OECD's latest projection -- a projection he believes will prove to be accurate.

"Other than the bursting of the commodity price bubble and a pull-back in inflation, it's hard to see any positives," Felson says. "The world needs expansion in at least one and ideally two of the major economies to maintain adequate global growth, so you can see the fix we're in, from a demand standpoint. That's all the more reason for governments in both the developed and developing worlds to increase fiscal stimulus."

Continue reading OECD forecasts global recession for 2009

OECD forecasts global recession for 2009 originally appeared on BloggingStocks on Fri, 14 Nov 2008 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EUEuropean UniongdpinthenewsJapanOECDU.S. economyFri, 14 Nov 2008 11:00:00 EST<![CDATA[IEA increases 2008 global oil demand forecast slightly on China's growth]]>http://www.bloggingstocks.com/2008/07/10/iea-increases-2008-global-oil-demand-forecast-slightly-on-china/http://www.bloggingstocks.com/2008/07/10/iea-increases-2008-global-oil-demand-forecast-slightly-on-china/http://www.bloggingstocks.com/2008/07/10/iea-increases-2008-global-oil-demand-forecast-slightly-on-china/#commentsFiled under: , , ,

The International Energy Agency Thursday increased its 2008 global oil demand forecast slightly, citing China's oil demand, the agency announced.

In its monthly report, the IEA increased global oil demand forecast by 0.1% , or 80,000 barrels per day, to 86.85 million barrels per day. The IEA serves as an energy advisor to 27 industrialized nations, including the United States, United Kingdom, Germany, France, and Japan. Oil rose $1.03 to $137.08 per barrel in Thursday morning trading.

Economist David H. Wang told BloggingStocks Thursday he expects China's oil demand increase in 2008 to be "roughly in-line with the IEA's 5.6% growth forecast."

"China may end up registering oil demand growth less than 5.6%, if the Chinese Government continues to gradually increase the retail price of gasoline and diesel," Wang said. "My research indicates we are not seeing demand destruction yet in China, but this could change. Gasoline now costs about $3.30-$3.50 [per gallon] and if China approves another round of increases, demand could begin to be pinched, as it has in the United States."

Another gas price hike in China?

However, Wang said investors / traders should not assume another gasoline price increase nor lower oil demand in China. "China is trying to take pressure off energy prices and slow its economy, but there's only so much they can increase prices before they have serious consequences on its economy," he said. "The middle class can withstand the price increases but may others with lower incomes can not."

Continue reading IEA increases 2008 global oil demand forecast slightly on China's growth

IEA increases 2008 global oil demand forecast slightly on China's growth originally appeared on BloggingStocks on Thu, 10 Jul 2008 13:36:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesIEAInternational Energy AgencyinthenewsOECDoiloil pricesoil shockOrganization for Economic Cooperation and DevelopmentThu, 10 Jul 2008 13:36:00 EST<![CDATA[OECD again cuts U.S. & global growth forecasts]]>http://www.bloggingstocks.com/2008/06/04/oecd-again-cuts-u-s-and-global-growth-forecasts/http://www.bloggingstocks.com/2008/06/04/oecd-again-cuts-u-s-and-global-growth-forecasts/http://www.bloggingstocks.com/2008/06/04/oecd-again-cuts-u-s-and-global-growth-forecasts/#commentsFiled under: , , , , ,

The Organization for Economic Cooperation and Development again cut its forecast for 2008 growth in its 30-nation membership -- this time to 1.8% from "less than 2%" -- saying that while the worst of the credit market stress is over, its impact on the global economy is not. [pdf] The OECD now sees 2009 GDP growth in the 30-nation region totaling 1.7%

Both yearly forecasts were weighed down by a lower GDP growth forecast for the U.S. economy, with the OECD now seeing the world's largest economy growing by a scant 1.2% in 2008 and 1.1% in 2009, down from earlier forecasts of 2.3% and 2.4%, respectively. The United States economy is now confronting strong headwinds -- a housing slump, a credit squeeze and inflation, the latter of which is eroding workers' disposable income, the OECD said.

The OECD expects Europe's euro-zone region to grow 1.7% in 2008 and 1.4% in 2009. Japan's economy is expected to grow 1.7% and 1.5% during the same periods.

Emerging market boom seen continuing

Meanwhile, growth in most emerging market nations is expected to remain strong, led by China, India and what appears to be a new economic rising star, Brazil.

Continue reading OECD again cuts U.S. & global growth forecasts

OECD again cuts U.S. & global growth forecasts originally appeared on BloggingStocks on Wed, 04 Jun 2008 12:48:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsEuropegdpglobal growthinthenewsJapanOECDOrganization for Economic Cooperation and DevelopmentU.S. economyWed, 04 Jun 2008 12:48:00 EST<![CDATA[OECD decreases 2008 GDP growth forecast to below 2%]]>http://www.bloggingstocks.com/2008/03/06/oecd-decreases-2008-gdp-growth-forecast-to-below-2/http://www.bloggingstocks.com/2008/03/06/oecd-decreases-2008-gdp-growth-forecast-to-below-2/http://www.bloggingstocks.com/2008/03/06/oecd-decreases-2008-gdp-growth-forecast-to-below-2/#commentsFiled under: , ,

The Organization for Economic Cooperation and Development cut its forecast for 2008 growth in its 30-nation membership to "less than 2%" -- the lowest growth rate since 2003 -- due to fallout from the U.S. economic slowdown, Bloomberg News reported Wednesday.

Sixth months ago, the OCED predicted that 2008 growth in the 30-nation zone would total 2.3%, following 2.7% growth in 2007.

The growth revision marks a substantial shift in OECD expectations. Earlier, the OECD predicted that member economies would be to withstand the U.S. economic slowdown without considerable negative consequence. That outlook, along with economic analysis from other countries, helped form the basis for the so-called 'decoupling thesis' -- where Europe and other developed countries race along unscathed by the doldrums in the world's largest economy.

Continue reading OECD decreases 2008 GDP growth forecast to below 2%

OECD decreases 2008 GDP growth forecast to below 2% originally appeared on BloggingStocks on Thu, 06 Mar 2008 11:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Asiaconsumer spendingdeveloped worlddeveloping worldEuropeGDPinthenewsinvestmentLatin AmericaOECDOrganization for Economic Cooperation and DevelopmentU.S. economyThu, 06 Mar 2008 11:32:00 EST<![CDATA[Oil falls below $90 as inventories rise, yet IEA maintains demand estimate]]>http://www.bloggingstocks.com/2008/01/16/oil-falls-below-90-as-inventories-rise-iea-maintains-demand-es/http://www.bloggingstocks.com/2008/01/16/oil-falls-below-90-as-inventories-rise-iea-maintains-demand-es/http://www.bloggingstocks.com/2008/01/16/oil-falls-below-90-as-inventories-rise-iea-maintains-demand-es/#commentsFiled under: , ,

Oil plummeted $2.38 to $89.52 in early trading Wednesday after the U.S. Energy Information Agency announced that weekly crude oil inventories rose 4.3 million barrels to 287.1 million barrels, well above the 1.25 million barrel increase consensus estimate.

Heating oil fell 4 cents to $2.49, unleaded gasoline fell about 5 cents to $2.26, and natural gas fell about 4 cents to $8.15 per million BTUs.

However, despite the prospect of a U.S. recession that could lower oil demand, the International Energy Agency maintained its 2008 global oil demand forecast at 87.8 million barrels per day, a 2.3% increase from 2007, the organization announced Wednesday in a statement.

Still, the IEA qualified its 2008 oil demand projection by saying the estimate would be adjusted downward if evidence indicated the U.S. economy continues to slow.

Continue reading Oil falls below $90 as inventories rise, yet IEA maintains demand estimate

Oil falls below $90 as inventories rise, yet IEA maintains demand estimate originally appeared on BloggingStocks on Wed, 16 Jan 2008 13:06:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsgasolinegasoline pricesglobal oil demandglobal oil supplyheating oilHeatingOilPricesInternational Energy Agencyinthenewsnatural gasnatural gas pricesNaturalGasNaturalGasPricesOECDoiloil pricesrecessionU.S. economyU.S. Energy Information AgencyWed, 16 Jan 2008 13:06:00 EST<![CDATA[Times Online: Israel stocks among top ways to profit in 2008]]>http://www.bloggingstocks.com/2008/01/07/times-online-israel-stocks-are-among-top-ways-to-profit-in-2008/http://www.bloggingstocks.com/2008/01/07/times-online-israel-stocks-are-among-top-ways-to-profit-in-2008/http://www.bloggingstocks.com/2008/01/07/times-online-israel-stocks-are-among-top-ways-to-profit-in-2008/#commentsFiled under: , ,

The U.K.'s Times Online had a story in Sunday's edition asking experts in London for their top ways to make money in '08. Coming in at number 9 was "Israel on the Move."

"British investors have tended to ignore Israel, but its stock market will be thrust into the limelight this year when it is promoted from emerging to developed market status." This is referring to the fact that Israel is up for OECD membership, and if accepted -- and it looks like it will happen -- Israel will join the prestigious organization and be considered a "developed country."

Some pundits have argued that admission into the OECD will actually hurt Israeli stocks as Israel is about 2% of the MSCI Emerging Markets Index, and its share in the global investment pie would fall to 0.2% if Israel is admitted to the developed markets index. What they neglect to mention is that there is a heck of a lot more money under management in developed markets than in emerging markets. So Israel's weighting may drop, but the amount of money available to invest will be substantially more. In addition, don't forget "overweighting." If fund managers believe Israel is an attractive investment destination, then they can overweight their position to a much higher level than 0.2%.

Look out for Israeli stocks in '08.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com. Disclosure: Writer has no position long or short in any stock mentioned as of 1/7/08.

Times Online: Israel stocks among top ways to profit in 2008 originally appeared on BloggingStocks on Mon, 07 Jan 2008 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Hot MarketsHotMarketsIsraelIsraeli stocksIsraeliStocksMSCI Emerging Markets IndexMsciEmergingMarketsIndexOECDMon, 07 Jan 2008 11:40:00 EST<![CDATA[IEA increases 2008 global oil demand forecast]]>http://www.bloggingstocks.com/2007/12/14/iea-increases-2008-global-oil-demand-forecast/http://www.bloggingstocks.com/2007/12/14/iea-increases-2008-global-oil-demand-forecast/http://www.bloggingstocks.com/2007/12/14/iea-increases-2008-global-oil-demand-forecast/#commentsFiled under: , , , , , , , ,

The International Energy Agency Friday increased its forecast for 2008 daily global oil demand. IEA now expects daily global oil demand to increase by 2.1 million barrels to 87.8 million barrels, or an increase of 210,000 barrels per day from the group's previous estimate.

Further, the IEA also said the Organization for Economic Cooperation and Development members oil stockpiles in October 2007 fell to 52.6 days, or just below the 5-year average.

Energy prices

Energy prices cast aside the news Friday morning, at least for the time-being: oil fell 90 cents to $91.36 per barrel, heating oil fell 1 cent to $2.62 per gallon and unleaded gasoline dropped 4 cents to $2.37 per gallon.

"It's a slightly bearish report, but one that shouldn't move the markets too much," independent energy trader Jim Dietz told BloggingStocks Friday. "A 210,000 increase on a monthly revision isn't too bad, and the market expects these rough numbers to move around, so it's pretty much factored into the price." Dietz added that he remains flat and has no positions in oil, heating oil, gasoline or natural gas at this time.

Continue reading IEA increases 2008 global oil demand forecast

IEA increases 2008 global oil demand forecast originally appeared on BloggingStocks on Fri, 14 Dec 2007 14:33:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Asiaemerging marketsEmergingMarketsgasolinegasoline consumptiongasoline pricesheating oilheating oil pricesIEAInternational Energy AgencyLatin AmericaLatinAmericaOECDoiloil pricesOPECOrganization of Petroleum Exporting CountriesU.S. economyFri, 14 Dec 2007 14:33:00 EST