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Added on the 09/02/2016 16:33:49 - Copyright : Reuters EN
Global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms. As Grace Pascoe reports, the warning from the International Energy Agency comes after a bad week for markets.
UN Secretary-General Antonio Guterres skewers oil firms for having "peddled the big lie" about their role in global warming, telling the World Economic Forum that they should be held accountable. SOUNDBITE
Alibaba Group CEO Jack Ma and Russian Prime Minister Dmitri Medvedev participated in a plenary session on digital economy at the 2017 Moscow International Forum 'Open Innovations', in the Russian capital on Tuesday. The CEO of the largest Internet company in Asia gave his views on the future of work, artificial intelligence, and the growing strategic importance of the Internet to the global economy.
Low oil prices are still inflicting pain. Earnings even fell at their refinery units, which usually fare well in times of low oil prices. Jeanne Yurman reports.
France's Total and Italy's Eni have both reported profit pain from low oil prices and there's no sign of an end to the agony. As Ciara Lee reports, oil prices have been heading for the biggest weekly losses in six weeks as doubts emerge that there won't be an output cut big enough to curb a global glut.
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