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Yahoo! News: Business - Energy & Oil Industry
Business - Energy & Oil Industry
Oil falls over $1 on demand worries
(Reuters)
20 Nov 2008 at 6:17pm
Reuters - U.S. crude oil dropped more than $1 a barrel on Friday, falling for sixth straight sessions as more distress for the global economy threatened to eat further into demand for fuels.
Oil prices fall further below 50 dollars
(AFP)
20 Nov 2008 at 6:01pm
AFP - World oil prices fell further below 50 dollars on Friday -- near levels unseen in more than three years -- on growing fears that a worldwide recession could ravage energy demand, analysts said.
World stocks down amid fears of deep recession
(AP)
20 Nov 2008 at 3:41pm
AP - World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years.
Oil at 3-year lows; gas below $2 in 23 states
(AP)
20 Nov 2008 at 3:32pm
AP - Oil prices on Thursday hit levels not seen in more than three years and retail gasoline prices are now below $2 across nearly half of the country on dour economic reports suggesting a painful economic pullback.
Oil drops 7 percent to 3-1/2-year low below $50
(Reuters)
20 Nov 2008 at 3:01pm
Reuters - Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.
Oil prices plunge below 50 dollars per barrel
(AFP)
20 Nov 2008 at 1:23pm
AFP - Oil prices crashed below 50 dollars a barrel on Thursday as plunging equities and weak US data sparked fresh fears that a worldwide recession would ravage energy demand.
OPEC grapples with production cuts, credibility
(AP)
20 Nov 2008 at 12:09pm
AP - When OPEC announced late last month it was cutting crude oil output by 1.5 million barrels per day, the market barely hiccuped.
Air France-KLM profit plunges in second quarter
(AP)
20 Nov 2008 at 10:20am
AP - Air France-KLM Group said Thursday its profit plunged in the second quarter as higher oil prices and financial charges weighed on the airlines' earnings.
Oil prices drop below $50 dollars, hit 3.5-year lows
(AFP)
20 Nov 2008 at 5:57am
AFP - Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand.
Vietnam begins operating new oil field
(AP)
20 Nov 2008 at 5:01am
AP - Vietnam has opened a new oil field that will boost national crude oil output by 21 percent by the end of this year, officials said.
Palin, Alaska grapple with lower crude prices
(Reuters)
19 Nov 2008 at 5:57pm
Reuters - Falling oil prices will take a bite out of Alaska's state budget and put a damper on oil-field investment, Gov. Sarah Palin told a conference of major North Slope oil operators on Wednesday.
World Publics Strongly Favor Requiring More Wind and Solar Energy, More Effic...
19 Nov 2008 at 1:00pm
PR Newswire -
Most Think It Will Save Money in the Long Run
SolarWorld offers $1.3B for Adam Opel's assets
(AP)
19 Nov 2008 at 9:51am
AP - German solar energy company SolarWorld AG said Wednesday it plans to offer euro1 billion in cash and credit for some assets of carmaker Adam Opel GmbH, the German subsidiary of financially strapped General Motors Corp. GM said it wasn't selling.
GM dismisses Opel overture
(Reuters)
19 Nov 2008 at 8:40am
Reuters - General Motors dismissed a surprise overture for its cash-strapped German unit on Wednesday as calls mounted for European governments to come to the aid of automakers hit by the global financial crisis.
Germany's SolarWorld springs surprise bid for GM's Opel
(AFP)
19 Nov 2008 at 10:25am
AFP - German solar power group SolarWorld took the struggling auto sector by surprise Wednesday with a takeover bid for troubled General Motor's German car unit Opel.
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