22 February 2011 17:38 [Source: ICIS news]
TORONTO (ICIS)--The political unrest in oil-rich ?xml:namespace>
Rolf Burkl, senior research consultant for Nuremberg-based consumer research GfK, said the unrest in the region could jeopardise oil supplies to the west, which would, in turn, drive up energy prices and hurt consumers immediately.
However, absent those fears, the underlying outlook for
GfK’s monthly consumer confidence index was forecast to rise to 6.0 points in March, from 5.8 points in February, Burkl said.
Falling unemployment had given consumers “greater planning security” when deciding on larger purchases, he said.
In related news, BASF’s energy unit, Wintershall, said on Tuesday it had managed to evacuate 31 people – nine employees and 22 relatives - of its international staff from
“Intensive efforts are currently underway to get the remaining employees in
The company said on Monday it would evacuate international staff from
Wintershall employs 453 people in
Wintershall has been active in exploration and production in
BASF’s share price was down 0.68% to €59.49 ($80.39) on
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