March 11: In camera
March 11: In camera
OPEC building is pictured in the centre Vienna.
OPEC stuck to its view that the world has enough oil despite the loss of Libya's crude and prices of $113 a barrel, pointing to rising output from other members and a looming seasonal slowdown in demand.
In a monthly report on Friday, the Organization of the Petroleum Exporting Countries said February output rose 110,000 barrels per day (bpd) to 30.02 million bpd, the highest since December 2008 when the group agreed a record cut in its output.
OPEC said oil stocks would rise if it maintained output at February's level and European oil refineries - those most affected by the loss of Libyan crude exports -- had time to source replacement supplies.
Customers wait in line to purchase the iPad 2 outside an Apple store in New York.
Apple Inc kicks off sales of its latest iPad on Friday, likely extending its lead in the burgeoning market while offering an important snapshot of consumer demand for tablet computing.
Nearly a year after the original proved a smash hit and inspired a wave of imitators, investors will be watching the turn-out for the US release of the iPad 2, which Chief Executive Steve Jobs unveiled last week.
The release -- which as always will be closely scrutinized by fans and investors -- may be a litmus test for the overall appetite for tablets.
An employee works inside a steel factory on the outskirts of Jammu.
India's industrial output in January topped forecasts to grow an annual 3.7%, but high inflation is likely to make the Reserve Bank of India (RBI) lift policy rates next week.
The reading was the strongest in three months and compared with a median forecast of 2.9% in a Reuters poll.
The RBI has raised policy rates seven times since last March, and is widely expected to lift rates by another 25 basis points in its next review on March 17 to rein in inflation which is at over 8%.
Industrial output growth in the first eleven months of the current fiscal year to end-March was 8.3%, the government data released on Friday showed.
Industrial output in December was upwardly revised to 2.5% from an initial reading of 1.6%.
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