IEA Cuts Oil Outlook The International Energy Agency cut its long-term forecast for world oil demand due in part to lingering effects from the global recession as well as new policies designed to cut the use of fossil fuels.The IEA is said world oil demand may grow by just six million barrels to about 91 million barrels a day by the year 2030 if a climate deal is signed and implemented. This represents a downward revision of one million barrels a day from the agency’s forecast a year ago according to the Wall Street Journal.Consumption is forecasted to increase ...

Leon Cooperman is one of the great value investors according to Forbes. We look at four stocks from his portfolio.

Energy stocks gain on the heels of bullish petroleum inventories data as well as a string of earnings updates and ahead of an policy statement from the Federal Reserve widely expected to show U.S. interest rates will stay low.

Transocean Ltd. says third-quarter net income fell by a third as the oil service firm saw lower activity in its fleet of rigs and drill ships.

As earnings season starts to wind down the health of the economy will be on everyone’s radar. This past week investors were greeted with a better than expected GDP number. It was the first time in four quarters we've seen positive GDP. Although the majority of the number came from government stimulus programs it was still good enough that economists started calling the recession over. Next week investors will be focused on an FOMC meeting and the jobs numbers. Analysts are expecting the unemployment rate to climb to 9.9% inching ever so close to the 10% level. With unemployment ...

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