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Lin See-Yan underlines the basic weaknesses in the international monetary system.
CHARLOTTE, North Carolina (Reuters) - President Barack Obama will tell Americans on Thursday they face two starkly different paths in the November 6 election and that his way may be hard but will bring economic renewal if given more time.
WASHINGTON (Reuters) - Obama administration officials met with a handful of oil market experts on Thursday as the White House considers the merits of another release of emergency oil reserves - potentially one much larger than the last.
BEIJING: China is set to overtake the United States as the world's largest net oil importer from October, according to US figures, due to a combination of rising Chinese demand and increased US production.
DAEGU (South Korea): Net oil imports in the Asia-Pacific will rise to more than 25 million barrels per day in 2035, or close to the current crude output in the Middle East, as energy demand growth outpaces the rest of the world, the Asian Development Bank said on Monday.
SINGAPORE: A widening gap between Asia’s oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices