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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: oil

oil stories: 203 news summaries

41 - 60 of 203 Stories | << Prev 1 2 3 4 5 6 7 ... 11 Next >>

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 Saudi Tanker Owners 
 in Talks With Pirates 

Saudi foreign minister pledges to eradicate Somali maritime threat

Nov 19, 08 2:36 PM CST
(Newser) - Negotiations are under way between Somali pirates and the shipping company that owns the Saudi Arabian oil supertanker they hijacked over the weekend, the BBC reports. The Saudi foreign minister could not say whether Vela International might agree to a ransom. More »

MORE ABOUT:
Somalia • Africa • oil • Saudi Arabia • piracy • shipping • pirates • hijacking

ANALYSIS

 Cheaper Oil 
 Likely to 
 Stay Awhile 

Demand won't quickly return to old levels, and new tech, exploration keeps pressure off

Nov 18, 08 4:02 PM CST
(Newser) - Oil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason. Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government mandates, made in response to... More »

MORE ABOUT:
oil • Canada • OPEC • offshore oil • gasoline prices • domestic oil production

OPINION

Want to Stop Iran, President Obama? Cut Its Gas Supply

Limited refining capacity is chink in Tehran's armor—and opportunity for US

Nov 13, 08 12:47 PM CST
(Newser) - Could Barack Obama petro-blackmail Iran on its nuclear ambitions? Former State Department official Orde Kittrie thinks so. Despite abundant crude oil, limited refining capacity forces Iran to import 40% of its gasoline, Kittrie explains in the Wall Street Journal. And though none of its main suppliers are based in the... More »

MORE ABOUT:
Iran • Barack Obama • oil • Mahmoud Ahmadinejad • sanctions • nuclear enrichment • gasoline prices • President Obama • Orde Kittrie

$100 Oil Will Return Soon Enough: Study

Price will rebound with economy, likely to hit $200 a barrel in 2030

Nov 6, 08 10:53 AM CST
(Newser) - If today’s price of $60 per barrel of oil seems too good to be true, that’s because it is. Oil prices will rebound to $100 a barrel once the economy recovers, and climb toward $200 by 2030, the market’s most comprehensive review predicts. Output is declining at... More »

MORE ABOUT:
oil • Saudi Arabia • oil price • predictions • oil supply • $100 a barrel oil • oil companies • Big Oil

OPINION

Iran Faces Its Nightmare:
Falling Oil

Suddenly negotiating is starting to look pretty smart, says Friedman

Oct 29, 08 9:24 AM CDT
(Newser) - Barack Obama's promise to negotiate with Iran once seemed like a dubious idea to Thomas Friedman—pre-conditions or not, the US had no leverage. But everything's changed now that the price of oil is at $57 and falling, writes the New York Times columnist. Once the mullahs went on a... More »

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Iran • Barack Obama • oil • Mahmoud Ahmadinejad • oil price • mullahs

 OPEC Panics as Oil Plunges 

Cartel plans emergency meeting this week to cut production

Oct 22, 08 8:33 AM CDT
(Newser) - Earlier this year the nations of OPEC were riding high as booming economic growth and tight supplies buoyed crude above $100. But now a barrel of oil is $70 and dropping fast, and frightened petroleum producers are holding an emergency meeting this week to discuss a production cut. As the... More »

MORE ABOUT:
Iran • oil • Venezuela • OPEC • recession • petroleum • oil price • oil production

 Oil Sinks Below $70 
 as Economy Tanks 

Price oil halves in 3 months as demand takes a dive

Oct 17, 08 2:20 AM CDT
(Newser) - Dropping demand sent a barrel of oil dipping below $70 for the first time in 14 months yesterday, the Wall Street Journal reports. Prices have dropped more than 50% in three months—a sign of a deeply troubled economy, but one that could help the world recover as companies that... More »

MORE ABOUT:
oil • recession • global economy • US economy • oil price • oil prices • financial crisis

Gas Prices Plunge in
Biggest Drop Ever

Demand and recession drive price down

Oct 13, 08 2:20 AM CDT
(Newser) - The Dow isn't the only thing plummeting. Amid falling demand, the average price of a gallon of gasoline has dropped over 35 cents in the last two weeks. The nationwide Lundberg Survey of 5,000 gas stations shows the cost of gas has slid more than 80 cents since March—... More »

MORE ABOUT:
oil • gas prices • New York Mercantile Exchange • Lundberg Survey • oil prices • financial crisis • Diesel

(AP) - Oil prices plummeted to a one-year low below $83 a barrel today in European trading as investor fears of a severe global economic downturn sparked a panicked sell-off. "The whole market has lost confidence in everything," said one commodities strategist. "Everyone is worried about global growth, and... More »

MORE ABOUT:
oil • OPEC • recession • global economy • New York Mercantile Exchange • commodities • commodities exchange • oil prices • financial crisis

 Dems Ditch Ban on 
 Offshore Drilling 

Current moratorium expires Oct. 1, GOP hails victory

Sep 24, 08 2:30 AM CDT
(Newser) - Democrats are removing a ban on offshore drilling from the budget resolution to avoid a White House veto, Politico reports. The move aims "to take a budget standoff of the table so we can address the larger Bush financial crisis," said a spokesman for House Speaker Nancy Pelos.... More »

MORE ABOUT:
Nancy Pelosi • oil • congressional Democrats • House Democrats • Roy Blunt • budget dispute • oil drilling • bailout • offshore oil

Oil, Politics Swirl in Stevens' Trial

Key witness in Alaskan senator's alleged corruption an oilman who 'owned' pols

Sep 22, 08 5:01 AM CDT
(Newser) - As the corruption trial against Alaska Sen.Ted Stevens gets started today, the politician is preparing to face off against a gritty oilman who has bragged about "owning" state lawmakers, reports the New York Times. The chief defense witness in Stevens' corruption trial is Bill Allen, a high-school dropout... More »

MORE ABOUT:
oil • Alaska • corruption • Ted Stevens • Bill Allen • Veco

OPINION

Why McCain Longs for 19th Century Fuels

He's making every debate, even energy, a 'cultural wedge issue'

Sep 14, 08 3:00 PM CDT
(Newser) - Why are Republicans chanting "drill, baby, drill," a call for an outdated, 19th-century technology like fossil fuels? Because they are turning every political debate into a cultural "wedge Issue," Thomas Friedman writes in the New York Times—"including even energy policy, no matter how stupid... More »

MORE ABOUT:
energy • John McCain • oil • politics • Thomas Friedman • oil drilling • campaign issues

 Chavez Boots 
 US Envoy: 
 'Go to Hell, 
 Yankees!' 

Threatens to cut oil shipments

Sep 12, 08 4:11 AM CDT
(Newser) - In a dramatic move in support of Bolivia, Venezuela President Hugo Chavez yesterday slashed diplomatic ties with the US, booting the American ambassador and calling home his envoy from Washington, reports Reuters. The socialist leader has also threatened to stop all oil shipments to the US—Venezuela’s largest customer—... More »

MORE ABOUT:
Russia • oil • Latin America • Venezuela • Bolivia • Caracas • Evo Morales • Hugo Chávez • embassy staff

Democrats Switch Policy to Back Offshore Drilling

GOP pressure, $4 gas behind sea change on energy position

Sep 12, 08 2:04 AM CDT
(Newser) - The Democrats are tossing a big part of their environmental policy overboard to reach a compromise on offshore drilling, reports the New York Times. A shift in public opinion, coupled with Republican pressure on the issue, has convinced the party to reverse its long-held opposition to back a deal allowing... More »

MORE ABOUT:
Nancy Pelosi • oil • congressional Democrats • House Democrats • energy bill • oil drilling • offshore oil • energy policy

 Iraq Dumps 
 Western Oil Deals 

Plans scrubbed as talks drag on too long

Sep 11, 08 3:04 AM CDT
(Newser) - Iraq has scrubbed plans to award six coveted no-bid contracts to Western oil companies, the New York Times reports. Negotiations with the oil giants—including Exxon Mobil, Chevron, Shell, BP and others—dragged on for too long, said Iraq's foreign minister. The companies would have been unable to complete work... More »

MORE ABOUT:
Iraq • oil • Iraq oil • Shell • Chevron • Hussain al Shahristani • oil companies • Exxon Mobil • China National Petroleum Corp.

OPINION

Palin's Fiscal Claims a Fraud

Alaska shamelessly sucks money from
Lower 48, behaves
like OPEC: Kinsley

Sep 9, 08 9:59 AM CDT
(Newser) - Maybe Sarah Palin is better than all the rest of us because she's a small-town hockey mom, Michael Kinsley writes in Time, but “spare us, please, any talk about how she is a tough fiscal conservative.” Palin’s state ranks first in the nation in taxes... More »

MORE ABOUT:
John McCain • oil • Alaska • fiscal record • Sarah Palin • oil prices

Feds Think Bad Data May Feed Oil Spikes

Broad market probe focuses on price-fixing weak spots

Sep 4, 08 10:01 AM CDT
(Newser) - Commodity regulators, worried that some companies are manipulating crude oil prices by reporting false numbers on supplies and sales, are conducting a wide-ranging probe focused on energy traders, the Wall Street Journal reports. Sources say a big worry is that firms are falsely reporting oil inventories to create the perception... More »

MORE ABOUT:
oil • price fixing • gas prices • Commodity Futures Trading Commission • oil prices

OPINION

 Save Oil for When 
 It's Really Needed 

Drilling won't make a difference in gas prices: Horne

Sep 2, 08 12:36 PM CDT
(Newser) - Perhaps Americans could spare some domestic oil for the descendants they plan to saddle with a heavy federal debt, New Orleans-based author Jed Horne writes in the Boston Globe. Offshore oil reserves are "not something that should be plundered to keep all-American SUVs running," he says. Horne... More »

MORE ABOUT:
Barack Obama • John McCain • oil • environmental damage • offshore oil

 Small Cadre
 of Speculators
 Control Oil

81% of NYMEX contracts held by a few firms, one holds 11%

Aug 21, 08 10:48 AM CDT
(Newser) - A surprisingly small group of investors and oil traders control the vast majority of the world’s oil contracts, and they are exerting tremendous influence over the market, reports the Washington Post. Regulators have found that a few financial firms speculating for themselves or their clients hold 81% of... More »

MORE ABOUT:
oil • John Dingell • NYMEX • speculators • oil prices

OPINION

'Sacrifice' Is Dirty Word in Energy Plans

Obama, McCain ditch candor in glossing over tough road ahead

Aug 18, 08 2:39 PM CDT
(Newser) - Presidential candidates John McCain and Barack Obama are each touting a plan to save America from the looming energy crisis, but they're providing too many sunny outlooks and not enough tough candor, Walter Shapiro writes in Salon. "The Ten Commandments of politics now began, 'Thou shalt not talk honestly... More »

MORE ABOUT:
Barack Obama • energy • John McCain • oil • Election 2008 • sacrifice

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