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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Venezuela's Chavez urges supporters to mobilize quickly for vote to end term limits
Associated Press WriterCARACAS, Venezuela (AP) _ Venezuelan President Hugo Chavez urged his supporters on Monday to move quickly on organizing a vote on abolishing term limits — a change that could clear the way for him to stay in office another decade. The socialist...Tags: Commodity Markets, Heads of State, Regional Elections, National Government, Hugo Chavez
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Euro zone rejects slashing VAT below 15 pct, starts talking about economy stimulus plan
AP Business WriterBRUSSELS, Belgium (AP) _ Euro zone nations on Monday ruled out slashing sales tax to boost their economies but backed a wide euro200 billion ($252 billion) economic stimulus package that aims to boost growth. Finance ministers from the 15 nations that...Tags: Investment Service, National Government, Banking, Investments, Real Estate Sales
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Gold prices, other commodities tumble following confirmation of US recession
AP Business WriterNEW YORK (AP) _ Gold prices and other commodities tumbled Monday, as confirmation that the nation is in a recession further unnerved investors already concerned about a drop off in demand for raw materials. The National Bureau of Economic Research,...Tags: Commodity Markets, Chicago Board of Trade, Metal, Gymnastics, New York Mercantile Exchange
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Weak economic data drive demand for government debt; Treasury yields plumb fresh lows
AP Business WriterNEW YORK (AP) _ Yields on long-term U.S. government debt sank to record lows Monday as worries about mounting economic problems and a stock market plunge touched off another investor rush to safety. The possibility that the Federal Reserve could enter the...Tags: Stock Broking, Consumers, Candy, Flowers and Gifts, Ben Bernanke, Flowers
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SKorea's third-quarter economic growth revised downward
AP Business WriterSEOUL, South Korea (AP) _ South Korea's economic growth was slower in the third quarter than originally estimated, the central bank said Tuesday, further evidence that Asia's fourth-largest economy is being hit by the global meltdown. Gross domestic...Tags: Hyundai Motor Co., Kia, General Motors Corp., Kia Motors Corp., Automotive Equipment
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Hillary Clinton accepts secretary of state nomination
tom.brune@newsday.comHillary Rodham Clinton said she's ready to leave New York and the Senate to return to the world stage after President-elect Barack Obama announced Monday he would nominate his former political rival as his secretary of state. If confirmed by the Senate,...Tags: U.S. Environmental Protection Agency, Elmhurst (Queens, New York), Upper House, National Government, Huntington (Hungtington, New York)
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Heavy rain, light spirits on roads
After driving more than 14 hours on a return trip from visiting relatives in Athens, Ga., the Daniel family got out of the rain and sat down to a table of fried seafood dinners yesterday afternoon at an Interstate 95 rest stop in Harford County.
They...Tags: Chicago Weather, Holiday Vacations, AAA, Trips and Vacations, Weather Reports
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Bush OKs raft of new regulations
The Bush White House in the last month has approved 61 new regulations on environmental, security, social and commercial matters that by its own estimate will have an economic impact exceeding $1.9 billion annually. Some of the rules benefit key...Tags: The White House
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Iranian TV quotes OPEC general secretary saying between 1 and 1.5M barrels a day will be cut
TEHRAN, Iran (AP) _ Iranian state TV is reporting that OPEC's Secretary-General says a daily oil production cut of between 1 million and 1.5 million barrels is likely in December. Secretary-General Abdullah El-Badri was quoted Monday on the station's Web...Tags: Economy
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AAA Michigan: State gas prices are down 3 cents
AAA Michigan says gasoline prices have fallen 3 cents per gallon over the past week to a statewide average of $1.72. Of the cities it surveys, AAA Michigan said Monday the cheapest price for self-serve regular fuel is in the Saginaw/Bay City area, where...Tags: AAA, Automotive Equipment
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Trinidad postpones construction of new schools, hospitals due to budget shortfall
PORT-OF-SPAIN, Trinidad (AP) _ The drop in world energy prices is forcing Trinidad and Tobago to postpone the construction of new schools and two major hospitals. Prime Minister Patrick Manning says the government needs to cut spending because prices are...Tags: Energy
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Minister: Kuwait is reviewing 5-year development plan because of oil price drop, global crisis
KUWAIT CITY (AP) _ A Kuwaiti Cabinet minister says the government is reviewing a 35-billion dinar — about $128 billion — development plan because of lower oil prices and the effects of the global financial crisis. Modhi al-Homoud, the...Tags: Commodity Markets, Government, Government Ministers, Energy Saving
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