Paris - Worse-than-expected prospects for the world economy has prompted the International Energy Agency (IEA) to again revise downward global oil demand for 2009. In its Monthly Oil Report, issued Friday in Paris, the IEA said that "after a flurry of downward adjustments by both public and private forecasters," oil demand for 2009 has been revised down by 1 million barrels per day, to 83.4 million barrels per day.
This is a drop of 2.8 per cent compared to 2008, the IEA said.
Manila - Environmental watchdog Greenpeace Thursday urged the Philippine government to prevent the passage of the largest-ever transport of reprocessed nuclear waste via the country's waters next month.
Greenpeace said a shipment of 1.8 tons of radiotoxic plutonium in mixed-oxide (MOX) fuel intended for nuclear power plants in Japan is travelling via the Cape of Good Hope and the south-west Pacific Ocean from France, where the cargo left on March 5.
Lot of action was in few counters but considering the whole market the proceeds were on the minor side around Rs 49,500 crore on the F&O space as against Rs 56,000 crore during the previous week, so just about 15 per cent decline in turnover.
According to stock market expert Narendra Nainani, looking at the Nifty futures, which marked their closure provisionally around 5 or 6 points premium but intra-day they had descended into discount so from the lows of the day stock market has recovered and investors could have seen some fresh long positions returning into the Nifty.
Dubai, Apr 8: The emirate of Abu Dhabi in the UAE, although an oil producer, is considered to be one of the strong candidates for hosting the headquarters of the International Renewable Energy Agency (IRENA) which was officially established in Bonn earlier this year.
The United Arab Emirates have been actively promoting renewable energy, and Abu Dhabi in particular has launched the innovative Masdar initiative - a pioneering project which will be the world''s first carbon - neutral, zero waste city.