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Oil demand growth slowing, China consumption dips: IEA
Oil demand growth slowing, China consumption dips: IEA
by  AFP

The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped. "Oil consumption in China, long the engine of global oil demand growth, contracted in both April and May" the IEA said in its monthly report on the oil market.

Cocoa price surge eats into Barry Callebaut sales volumes
Cocoa price surge eats into Barry Callebaut sales volumes
by  AFP

The world's top industrial supplier of chocolate, Barry Callebaut, reported Thursday a dip in sales volumes in its latest quarter as a jump in cocoa prices bit into demand. Barry Callebaut supplies cocoa and other chocolate products to food industry giants including Hershey, Nestle and Unilever.

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