News tagged with 'oil'. Found 500 tagged news.

Oil revenues increase by 86 percent

Aden :: Yemen | about 8 hours ago

Revenues from oil exports from July-September 2008 increased by 86 percent to $3.9 billion. This is compared to $2.1billion during the same period last year, according to a recent report issued by the Central Bank of Yemen (CBY).  The CBY report noted...

Tags: percent, oil

Gas prices continue to fall

Los Angeles :: CA :: USA | about 17 hours ago

Gasoline prices continued to sink, falling for the 67th day in a row, according to a national survey of gas station credit card swipes released Sunday. The average price of gas in the United States fell to $1.929 a gallon, shedding 2.4 cents from the...

Tags: gas, oil price, fall, oil, average price

Libya calls for OPEC action on oil

Cairo :: Egypt | 1 day ago

On Friday, world oil traded below $50, reaching prices unseen for 4 years. Egypt, but said the organization should assess whether the fall in crude prices was a result of weakening world oil consumption or the action of speculators. Of course the falling...

Tags: oil, stock, oil price, energy, lowest level, New York Mercantile Exchange, world oil, oil rallies, sweet crude, USD

Interior Dept. takes action after scandal

Washington :: DC :: USA | 2 days ago

The Interior Department has taken disciplinary action against more than a half dozen workers who accepted lavish gifts, partied and in some cased engaged in sex with employees from the energy companies they regulated. The actions announced Friday range...

Tags: oil, Interior Department, disciplinary actions, taken disciplinary, actions announced

The year 2025: Oil, dollar out; Russia, Islam in

Washington :: DC :: USA | 2 days ago

Posted by cooldiponline

WASHINGTON – Global warming could be a boon to Russia, a European country could be overrun by organized crime and the U.S. and its dollar could further decline in importance during the next two decades, says a U.S. intelligence report with predictions...

Tags: The year 2025, Oil, dollar out; Russia, Islam in

Oil drops for a fourth straight day

Houston :: TX :: USA | 2 days ago

OIL prices closed lower for a fourth straight session in New York, depleted by fresh evidence of weak demand and growing stockpiles. Light, sweet crude for December delivery dropped US77c, or 1.4 per cent, to settle at $US53.62 a barrel on the New York...

Tags: oil price, oil, recession, energy, gas, oil drops below $50, New York Mercantile Exchange, sweet crude, market, citigroup, steep sell, stock showed, Citigroup Inc.

Sector Snap: Oil services stocks fall with crude

New York City :: NY :: USA | 3 days ago

Crude oil fell more than $3 to $49.91, hitting below $50 a barrel for the first time since May 2005, in Thursday morning trading. Oilfield services company Schlumberger Ltd. shares fell $4.79, or 10 percent, to $42.60. Halliburton saw its stock dive more...

Tags: crude, oil, stocks fall

Governments struggle as jobs slashed

İstanbul :: Turkey | 3 days ago

In the United States, initial claims for unemployment benefits shot up to a 16-year high last week as the world's largest economy appeared to be sliding into a deep recession...Bush would be willing to extend unemployment benefits if Congress were to...

Tags: unemployment, recession, economy, oil, U.S, Turkey, IMF, global, crisis, unemployment benefit, job losses, central banking, exchange liquidity, foreign exchange

Oil price up as Asian stocks rise

Singapore :: Singapore | 3 days ago

Brent crude rose to $49.11 a barrel while US light sweet crude was $50.18. On Thursday, prices hit lows of $48.90 and $49.62 respectively. This is the first time prices have fallen below $50 since May 2005...This week, the oil price fell 12%, some $100...

Tags: oil, oil price, stock, New York Mercantile Exchange, oil dropped, use light, light sweet, Brent, sweet crude, brent crude, petrol price, crude oil

Goldman to discontinue oil recommendations

London :: United Kingdom | 3 days ago

Goldman said Wednesday in its weekly energy report said that while continued weak demand and constrained credit would keep prices under pressure, it hoped that high volatility would provide a better exit point for trading. "The volatility in the past...

Tags: dollar, oil price, oil, New York Mercantile Exchange, sweet crude, oil prices, global economy, stock, U.S. Labor Department, crude oil, fuel tax, energy demand, light sweet