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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Stocks swing wildly, surge late
The Associated PressWall Street capped one of its worst weeks ever with a wild session today that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance....Tags: Wells Fargo & Co., Metal and Mineral, Commodity Markets, Bonds, Money and Monetary Policy
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Oil prices fall below $78 a barrel
Los Angeles Times Staff WriterMirroring declines in stock markets worldwide, New York oil futures fell nearly $9 to dip below $78 a barrel Friday for the first time in 13 months, raising the prospect of $60 oil by year's end. The unrelenting declines in stock values, combined with...Tags: The Goldman Sachs Group Incorporated, Natural Resources, Energy Resources, Commodity Markets, Banking
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Gas prices could continue to drop until Thanksgiving
757-247-4741Lori Huskey could hardly believe it. Gas for $2.99 a gallon? "It's a lot better than what it has been," said Huskey, who visited the Southern Food gas station in Smithfield for a $26 fill-up this afternoon. "Anything under $3 is good." Motorists...Tags: Public Holidays, Sales, Downstream Oil and Gas Activities, Hurricane Ike, Hampton Roads
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Energy stocks tumble as falling crude, natural gas prices zap fuel that once had them roaring
AP Business WriterNEW YORK (AP) _ Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year. The sector has fallen alongside a broader sell-off on Wall Street, with the Dow Jones industrials dropping nearly 700 points at...Tags: ConocoPhillips, Energy Resources, Natural Resources, Exxon Mobil Corporation, Commodity Markets
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With gas prices tumbling, will Americans return to gas-guzzling ways?
AP Business WriterDENVER (AP) _ Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways? Experts say no because most drivers assume the dip in...Tags: Ford, Natural Resources, Commodity Markets, AT&T Corp., SUVs and Crossovers
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Oil, soy beans, copper that made Latin America prosper now go bust in financial crisis
Associated Press WritersBRASILIA, Brazil (AP) _ The booming prices for Venezuelan oil, Brazilian soy beans and Chilean copper that brought prosperity to Latin America are heading for a bust that threatens to erode the hard-won gains of its poor and newly emerging middle class....Tags: Hugo Chavez, Metal and Mineral, Non Ferrous Metal, Felipe Calderon, Government
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Economy has becoming overriding issue in governors' races; some contests tighten
Associated Press WriterIn his bid to become the next governor of Missouri, Rep. Kenny Hulshof survived a bitter primary that at one point saw the candidates bashing each other for supporting public funding for drugs such as Viagra. Then came the catastrophe on Wall Street. Now...Tags: Commodity Markets, National Government, Economic Policy, Lehman Brothers Holdings Incorporated, Unemployment
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Oil prices plummet to 13-month on fears global slowdown will cut crude demand
AP Business WriterNEW YORK (AP) _ The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. Oil hasn't been this cheap in 13 months —...Tags: Energy Resources, Natural Resources, Commodity Markets, Weather Reports, Money and Monetary Policy
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Gold, silver prices drop sharply as panicky investors cash in holdings
AP Business WriterNEW YORK (AP) _ Gold and silver plummeted Friday after Wall Street posted another big loss and forced investors to dump holdings in precious metals to raise badly needed cash. Gold for December delivery fell $27.50, or 3.1 percent, to settle at $859 a...Tags: Metal and Mineral, New York Mercantile Exchange, Chicago Board of Trade, Economy, Metal
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Govt. shows fuel efficiency requirements options
Associated Press WriterThe government presented a range of options for new fuel efficiency standards Friday that the auto industry would need to meet during the next decade. The fleet of new cars and trucks would have to hit estimated requirements of 29.6 miles per gallon...Tags: Ford, David Kelly, Car Safety Tips and Advice, Toyota, National Government
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Gas prices pleasant as economy tanks
Autoblog.comThe US, and in fact the entire civilized world, is knee deep in a financial meltdown. However, crashing stock markets and crumbling banking institutions have led to one pleasant side effect. The price of gas is dropping faster than the NASDAQ. A quick...
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Resource Link| Newsday
Oct 10, 2008
|Story| Los Angeles Times
Oct 10, 2008
|Story| Hampton Roads Daily Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Blog| Autoblog.com
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