Cold and Signs of Stronger Economy Drive Oil Above $81
Thursday, January 7th, 2010Optimism about a recovery in the United States, the cold weather and a softer dollar helped push the price higher.
author By CLIFFORD KRAUSS, source www.nytimes.com
Profit Plunge Hits BP, With Rivals Also Likely to Suffer
Wednesday, July 29th, 2009BP said its net income in the second quarter fell 53 percent to $4.39 billion. The company was the first of the large oil companies to report earnings for the period.
author By JULIA WERDIGIER and DAVID JOLLY, source www.nytimes.com
Call to Curb Speculators in Energy
Wednesday, July 29th, 2009The top commodity market regulator said that the U.S. should consider limiting some energy futures trading.
author By EDMUND L. ANDREWS, source www.nytimes.com
Stocks & Bonds: Modest Gain After a Drop in Oil Prices
Friday, June 20th, 2008Stocks ended a back-and-forth session with modest advances as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy.
author By THE ASSOCIATED PRESS, source www.nytimes.com
China Sharply Raises Energy Prices
Friday, June 20th, 2008China is faced with increasingly severe fuel shortages for truckers and farmers and the prospect of blackouts during the summer air-conditioning season.
author By KEITH BRADSHER, source www.nytimes.com
Shares Are Mixed as Oil Price Declines
Tuesday, June 17th, 2008Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices against new hope for the financial sector after Lehman Brothers posted results.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Russian Oil Dispute Renews Concerns
Tuesday, June 17th, 2008The fight over TNK-BP has turned into something of a showdown involving significant players in the Russian economy, from Western investors to prominent oligarchs to senior officials.
author By CLIFFORD J. LEVY and SOPHIA KISHKOVSKY, source www.nytimes.com
Booming, China Faults U.S. Policy on the Economy
Tuesday, June 17th, 2008Americans once scolded the Chinese on mismanaging their economy. But in recent weeks, the fingers have been wagging in the other direction.
author By EDWARD WONG, source www.nytimes.com
Stocks & Bonds: Oil Prices Bounce Higher, Sending Markets Lower
Thursday, June 12th, 2008Stocks tumbled Wednesday as oil prices rebounded, fanning concerns that inflation would further pinch consumers and lead central banks to raise interest rates.
author By THE ASSOCIATED PRESS, source www.nytimes.com
European Airlines Reap Benefits of Oil Hedging
Thursday, June 12th, 2008As United States airlines reel from soaring oil prices and a sinking domestic economy, most of their European rivals appear better placed to ride out the storm.
author By CAROLINE BROTHERS, source www.nytimes.com
Commodity Prices Show No Letup
Thursday, June 12th, 2008Heavy rains and cool weather in the Midwest are driving up the price of corn, while other commodity prices like oil, soybeans and wheat also jumped on Wednesday.
author By DAVID STREITFELD and JAD MOUAWAD, source www.nytimes.com
Agency Slightly Trims Oil Use Forecast
Tuesday, June 10th, 2008Global demand for oil is likely to be slightly lower than previously estimated as shrinking subsidies for fuel in Asia softens demand, the International Energy Agency forecast.
author By MATTHEW SALTMARSH, source www.nytimes.com
Gadfly, Contending Price Fixing, Sues OPEC
Tuesday, June 10th, 2008Larry Klayman, a lawyer and conservative gadfly, filed a federal lawsuit in Miami accusing the Organization of Petroleum Exporting Countries of price fixing.
author By DAMIEN CAVE, source www.nytimes.com
Spanish Truckers Block Border
Tuesday, June 10th, 2008In the latest show of distress over fuel prices, Spanish truckers began a blockade of their country’s border with France, lining up their rigs in a crawling strike.
author By DALE FUCHS and ALAN COWELL, source www.nytimes.com
Fewer Planes, but Not Fewer Delays
Tuesday, June 10th, 2008Air traffic cuts, mainly at smaller airports, will not affect overall air delays as landing spots at busy airports will, for the most part, continue to be fully used.
author By MATTHEW L. WALD, source www.nytimes.com
Saudi Arabia Calls for Summit on Energy Costs
Tuesday, June 10th, 2008The energy summit of producers and consumers would focus on “how to objectively deal” with high prices, the Saudi government said.
author By JAD MOUAWAD, source www.nytimes.com
Stocks Are Steadier, but Analysts Are Cautious
Tuesday, June 10th, 2008The Dow recovered some of its big losses on Monday after oil prices retreated, but the broader stock market remained mixed as financial stocks continued to tumble.
author By ABHA BHATTARAI, source www.nytimes.com
BP Says It Is Committed to Russian Venture
Saturday, June 7th, 2008The statement from BP comes as the company’s joint venture, TNK-BP, came under fresh pressure from the authorities investigating accusations of tax evasion.
author By MICHAEL SCHWIRTZ, source www.nytimes.com
Stocks & Bonds: Investor Optimism Gets the Upper Hand
Saturday, June 7th, 2008Wall Street surged Thursday as investors looked past a sharp rebound in oil prices and focused on more positive news.
author By THE ASSOCIATED PRESS, source www.nytimes.com
News Analysis: Big Airlines in a Rush to Go Small
Saturday, June 7th, 2008With fuel prices almost double what they were a year ago, airlines have switched strategies from expansion to downsizing.
author By MICHELINE MAYNARD, source www.nytimes.com