|
|
|
|
BusinessWeek
--
Despite huge oil and gas reserves, Venezuela lurches into a power crisis caused by years of infrastructure neglect
Angela Marquez should be pleased, considering the long line of customers at her paint store in the central Venezuelan city of La Victoria..
Read More
|
|
|
BusinessWeek
--
By subsidizing gasoline, Chávez spreads the oil wealth. But the cost of those cheap fill-ups is becoming hard to ignore
Global oil prices zoomed up to $135 a barrel this past week. But that doesn't worry Roberto Morales, a 33-year-old Venezuelan busin..
Read More
|
|
|
BBC News
--
Oil prices hit a record high above $135 a barrel on Thursday, having rocketed by more than $4 a barrel on Wednesday.
US light, sweet crude for July delivery reached $135.09, taking its gain for the year so far above 40%.
The main driver was the US c..
Read More
|
|
|
BusinessWeek
--
Author James Kunstler says the Automotive Age is almost history and deconstructs McMansion living
The suburban landscape has been marred by foreclosures and half-built communities abandoned in the subprime aftermath. But James Howard Kunstler, author o..
Read More
|
|
|
BusinessWeek
--
As production declines, state-run Pemex struggles to find new reserves under daunting restrictions on foreign involvement
Carlos Morales Gil, head of exploration and production for Petróleos Mexicanos, or Pemex, Mexico's state oil company, is sunburne..
Read More
|
|
|
BusinessWeek
--
Skepticism about the Fed's $200 billion liquidity plan, and another record closing high for oil, dragged the market lower Wednesday
Major U.S. stock indexes closed lower Wednesday as trading turned more cautious after the market's huge rally in the pre..
Read More
|
|
|
BBC News
--
The price of crude oil has set a fresh record at $109.20, its fifth day in a row of historic highs.
New York light sweet crude fell back after hitting the high to trade at $108.75. London Brent set a record at $105.40, before retreating to $105.06...
Read More
|
|
|
CNN
--
Oil prices are at an all new trading high, reflecting an anemic dollar that continues to plunge. Light, sweet crude for April delivery has surged to $109.20 in midday European electronic trading on the New York Mercantile Exchange before falling back to $..
Read More
|
|
|
CNN
--
Oil prices briefly surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market. Light, sweet crude for April delivery on the New York Mercanti..
Read More
|
|
|
BusinessWeek
--
A surge in commodity prices derailed the market's advance Tuesday and raised fresh questions about the economy's health
Equity investors may have been able to shrug off more problems in the banking sector Tuesday, but a spike in oil prices to $100 per..
Read More
|
|
|
BBC News
--
The Venezuelan government has accused US oil giant Exxon Mobil of exaggerating the value of the company's former investments in the country.
Exxon is seeking $12bn (�6.1bn) in compensation from Venezuela's state energy group, PDVSA, after its interes..
Read More
|
|
|
CNN
--
French oil giant Total said Wednesday net profit for the fourth quarter of 2007 rose 62 percent as oil prices surged and new projects in Angola and Qatar boosted production. The world's fourth-largest oil and gas company said net profit rose to €3.6 bil..
Read More
|
|
|
CNN
--
Royal Dutch Shell, Europe's largest oil company, reported a $31.3 billion yearly net profit on Thursday, due to divestments and higher oil prices. It represented a 23 percent rise from last year's figure of $24.4 billion, while sales rose 12 percent to $3..
Read More
|
|
|
BusinessWeek
--
Oil markets start the new year with another historic high. Will triple digits spur a recession?
After flirting with $100 in the final months of 2007, crude oil prices wasted little time crossing that threshold in the new year. Shortly after noon on Jan..
Read More
|
|
|
CNN
--
Oil prices were little-changed Friday as the market turned its attention to OPEC for signals on whether the cartel will raise production to ease record prices. Light, sweet crude for January delivery added 14 cents to $97.43 a barrel in electronic trading..
Read More
|
|
|
BusinessWeek
--
Analysts say that if speculators flee the market en masse, prices could drop even more quickly than they've risen
Oil prices are soaring. Having jumped 40% since August, crude prices hit another historic high on Nov. 6, rising to $96.70 a barrel. The f..
Read More
|
|
|
CNN
--
NEW YORK (CNNMoney.com) -- Oil prices set another record high Tuesday, jumping over $2 on fears of dwindling supplies in the United States, projections for strong worldwide demand and a falling U.S. dollar.
A suicide bombing in Afghanistan that killed..
Read More
|
|
|
BBC News
--
Oil prices have continued their unremitting climb, passing the $96 a barrel mark after figures showed a surprise fall in US crude reserves.
US light crude rose as high as $96.24 in Asian trading on Thursday morning before falling back to $96.05.
Tra..
Read More
|
|
|
CNN
--
The world has reached the point of maximum oil output and production levels will halve by 2030 -- a situation that will eventually lead to war and disaster, a report claims.
The German-based Energy Watch Group released a report Tuesday saying the world..
Read More
|
|
|
Guardian Unlimited
--
World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown.
The German-based Energy Watch Group will release its st..
Read More
|
|
