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Fears the global economy will get worse dropped oil prices to levels not seen in 4.5 years.
Investors shrugged off Wednesday’s record production cut by OPEC, the Organization of Petroleum Exporting Countries, pushing crude oil prices to less than $36..
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Oil prices have become something of a contrarian indicator for alternative energy. While the surge above $145 a barrel this summer seemed to promise a golden age of...
made popular Dec 29 2008
International markets, Forecasts, Rumors, Products and services, Middle East, Economic data, Oil, Financial Crisis
Oil prices are getting a big boost today, as...
made popular Dec 16 2008
I could not believe my eyes today, gas at $2.87!
I remember this summer I was driving home from the beach and noticed the rural (which is always lower than suburban)...
made popular Oct 25 2008
The world undergoes a major financial crisis resulted from credit crisis. Some financial analysts and experts have said that it is the major crisis since the...
made popular Oct 21 2008
All of us prayed, some of us wept, and some of us thought it would never happen.
But check out this headline in The New York Times : Oil Prices Slip Below $70 a...
made popular Oct 20 2008
To win allies and forge an anti-American front, Mr Chavez sells oil to friendly countries at low prices. Ironically, the only big customer buying Venezuelan oil at the...
made popular Oct 14 2008
Oil prices jumped more than $1 a barrel on Wednesday, rebounding from a five-month low after OPEC surprised traders with a deal to effectively cut production by just...
made popular Sep 10 2008
A few weeks ago, the idea of offshore drilling was starting to be seriously considered. Many officials were realistic, saying that the oiled obtained would not come in...
made popular Aug 8 2008
Oil rose over $1, climbing back above $126 a barrel, on Monday lifted by jitters about Iran’s nuclear activities and violence in OPEC member Nigeria.
US light...
made popular Aug 4 2008
I used to be an energy correspondent of a newspaper in Nigeria’s business capital, Lagos. In that role, I covered the oil industry in Nigeria. As the country with the...
made popular Jul 12 2008
OPEC president Chakib Khelil warned Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News.
made popular Jul 7 2008
The 4th of July is here and America is celebrating our independence, freedom and fortune. You know where I’m going with this right? First off let’s talk about the...
made popular Jul 4 2008
Oil soared to a record above $145 a barrel Thursday, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran
made popular Jul 3 2008
Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel.
U.S. crude settled 21...
made popular Jul 1 2008
It was predictable that the oil men in the White House, one’s Bush and Cheney, would try something irrational to fill their coffers before leaving office. So to go...
made popular Jun 25 2008
Leading oil exporters have acknowledged the need to boost supplies to curb soaring prices but stopped short of specific commitments on extra output.
Following their...
made popular Jun 23 2008
The oil market is plentifully supplied and the rally to record high prices is fake and imposed. Iran’s president said on Tuesday, blaming a weak U.S. dollar which...
made popular Jun 19 2008
Saudi Arabia, the world’s biggest oil exporter, has increased its output to meet rising demand and to compensate for declining production from other...
made popular May 25 2008
The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working...
made popular May 21 2008
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Business crude oil investors Oil Price Oil Prices OPEC recession U.S. oil data United States
