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21 Nov

OPEC oil price falls below 45 dollars for the first time since 2005

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to 44.06 dollars Thursday, the first time it went below 45 dollars since May 2005. One barrel (159 litres) of OPEC crude cost 1.83 dollars ... ...


[OIL PRICES] Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump !

[OIL PRICES] Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump !

Crude oil fell for a fifth day, approaching $50 a barrel, as the contracting world economy increases concerns that demand for fuels will slow. U.S. fuel use during the past four weeks averaged 19.1 million barrels a day, down 7 percent from a year ago, an Energy Department report said yesterda...


Oil Falls To Lowest Price Since 2005

SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic news, battered investor confidence. Light, sweet crude for January delivery was down 95 cents to $48.47 a barrel in electronic trading on the New York Mer ...


Red Sea nations pledge to fight piracy

Arab Red Sea states meeting in Cairo have blamed the piracy off Somalia's coast on turmoil in that country and pledged cooperation to end the threat. ...


[OIL PRICES] Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump !

Crude oil fell for a fifth day, approaching $50 a barrel, as the contracting world economy increases concerns that demand for fuels will slow. U.S. fuel use during the past four weeks averaged 19.1 million barrels a day, down 7 percent from a year ago, an Energy Department report said yesterda...


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