price of oil

Saudi king says oil should be $75 per barrel

Sat, 29 Nov 2008 03:05:34 -0600

Saudi Arabia's king says the price of oil should be $75 a barrel, much higher than it is now, but his oil minister indicated Saturday that no measures will likely be taken until OPEC meets again next month.

IEA doubles forecast for oil price by 2030

Thu, 06 Nov 2008 09:56:07 -0600

The International Energy Agency nearly doubled its forecast for the price of oil over the next twenty years, citing rising demand in the developing world as well as surging costs of production.

Suck It, OPEC

Tue, 21 Oct 2008 15:20:02 -0500

Now that the price of oil has fallen to much more comfortable levels, OPEC wants to step in and protect $100 per barrel oil. If this isn't Exhibit A as to why we need to get off oil -- and subsequently stop sucking at the teet of the Middle East -- I don't know what is.

As prices fall, push for alternatives may ease

admin — Mon, 20 Oct 2008 00:30:49 -0500

Combined with the credit crisis, the falling price of oil is threatening efforts to develop new sources of energy and reduce consumption in the U.S.

Grocery bill still high? Blame ‘sticky’ prices

admin — Sun, 19 Oct 2008 18:31:56 -0500

Worries over a global recession have pushed the price of oil to its lowest in over a year. Don't expect the same for a bottle of beer, a tube of toothpaste, or a box of cereal.

Grocery bill still high? Blame "sticky" prices

Sun, 19 Oct 2008 14:36:40 -0500

Worries over a global recession have pushed the price of oil to its lowest in over a year. Don't expect the same for a bottle of beer, a tube of toothpaste, or a box of cereal.

Stocks Fall in Europe and Asia

Tue, 23 Sep 2008 08:20:27 -0500

European stocks followed Asia indexes lower as investors remained concerned about fallout from the financial bailout in the U.S. and despite some easing in the price of oil.

Ryanair raises outlook as oil price falls

Thu, 18 Sep 2008 09:46:30 -0500

Shares in Ryanair Holdings PLC rose Thursday after Europe's leading budget airline raised its outlook for this fiscal year, forecasting it would break even, because of the falling price of oil.

Price of oil dips below $100 a barrel

Sat, 13 Sep 2008 15:24:57 -0500

For the first time since April 2, the price of oil has fallen below $100 US a barrel. At 1.45 p.m. EDT, the going rate for October crude future on the New York Mercantile Exchange was $99.99 US. It subsequently rose back above $100.

Fed officials differ on inflation outlook - MarketWatch

Thu, 04 Sep 2008 17:56:25 -0500

Two senior Federal Reserve officials differed sharply Thursday on whether the economic slowdown and the recent drop in the price of oil and other commodities would cool inflation in the months ahead and allow ...