Highlights
A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Oil prices drop on news OPEC won't cut output
Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007. Light, sweet crude for January delivery fell more than 9 percent to settle at $49.28 a barrel...Tags: Commodity Markets, Economy, New York Mercantile Exchange, Energy Saving
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Terror traveled to India on inflatable raft
By Emily Wax The Washington Post MUMBAI, India — It was just after dinner, about 9 p.m., when the fishermen noticed four strangers come ashore on an inflatable raft. Moments later, another four pulled up to the boat launch in a speedboat. Only two...Tags: House (movie), Tourism and Leisure, Terrorism, Dining and Drinking, Medicine
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Just ignore all the gloomy hype
The dismal retail sales figures are in for Black Friday and the news is . . . good? Wait a minute, the news was supposed to be bad, awful, ghastly, dreadful, etc. Analysts, almost to the person, were predicting that retail sales would decline from last...Tags: Consumer Electronics Industry, Sales, Wal-Mart Stores Inc., Internet, Michael Lewis
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Oil falls nearly 10%; lowest close since '05
Oil prices tumbled below $50 a barrel Monday, reaching the lowest close in more than three years. Light, sweet crude for January delivery fell 9.5 percent, or $5.15, to close at $49.28 a barrel. That is the lowest settlement since May 23, 2005, and was... -
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: Gymnastics, Gold and Precious Material, Metal, Securities, Commodity Markets
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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: Federal Reserve, Credit Ratings, Stock Broking, Candy, Flowers and Gifts, 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: Kia, Kia Motors Corp., General Motors Corp., Automotive Equipment, Economy
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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: Joseph Crowley, Weaponry, Guerrilla Activity, U.S. Environmental Protection Agency, Terrorism
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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: Natural Disasters, Thanksgiving, Chicago Weather, Trips and Vacations, Disasters
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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: Automotive Equipment, AAA
Dec 2, 2008
|Story| Hampton Roads Daily Press
Dec 2, 2008
|Story| Chicago Tribune
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Dec 1, 2008
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Dec 1, 2008
|Story| Newsday
Dec 1, 2008
|Story| Baltimore Sun
Dec 1, 2008
|Story| Chicago Tribune
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
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