The latest report from the International Energy Agency (IEA) on demand for oil has something for everyone.

Russia Looking for $18 Billion Russia is looking to raise $18 billion in dollar-denominated securities in the first quarter of 2010 after the cost of borrowing for emerging market sovereign issuers fell sharply in recent months. According to the Financial Times it’s the country’s first international bond in almost a decade with the last issuance targeted to global investors occurring in 2000. Spreads between emerging market sovereign bonds and US treasuries have narrowed to 290 basis points after widening to as much as 700 bp last March.This year the country had its first budget defecit since 1999 and may look ...

Following China's lead into the under-valued oil sands for a long-term play.

Canadian shares shoot up as gold and coal miners such as Western Canadian Coal Corp. and Shore Gold Inc. rally.

IEA Ups World Oil Consumption The International Energy Agency said global oil demand will average 85.7 million barrels a day about 450 000 barrels a day higher than its previous forecast due to growth from China and stronger-than-expected usage in the US.According to Bloomberg it’s the second consecutive month the agency increased its estimate for world oil consumption. In its statement the IEA said that along with improved global economic conditions industrial de-stocking appears to be nearing an end.See related article Professor Lance Lewis’ What Gold’s Rally is Telling Us.From the Bull Pen: If the recent rally in gold ...

(All financial figures are approximate and in Canadian dollars unless otherwise noted.)