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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Gold prices fall as investors seek safer investments amid more bleak economic data
AP Business WriterNEW YORK (AP) _ Gold and other precious metals prices fell Wednesday as investors again flocked to safer investments like cash and Treasurys in response to more bleak economic data. Oil prices fell, while agriculture futures traded mixed. "I'm afraid...Tags: Metal and Mineral, Metal, Productivity, Commodity Markets, Chicago Board of Trade
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Russia sending warship through Panama Canal in symbolic move
The Associated PressRussia said today it is sending a warship through the Panama Canal for the first time since World War II, a short journey loaded with symbolic weight: the destroyer will dock at a former U.S. naval base, showcasing Russia's growing influence in the...Tags: Transportation, Jimmy Carter, Defense, World War II, John McCain
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Iranian president acknowledges for first time economy hurting over plunging oil prices
Associated Press WriterTEHRAN, Iran (AP) _ Iran's hard-line president has acknowledged publicly for the first time that his country's economy is taking a severe beating from tumbling oil prices, a damaging admission by a leader whose popularity is eroding ahead of a tough re-...Tags: Unemployment, Commodity Markets, National Government, Mahmoud Ahmadinejad, Economic Policy
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Oil prices waver above 3-year low as crude inventory report shows decline
AP Energy WriterSIOUX FALLS, S.D. (AP) _ Oil prices wavered near three-year lows as investors weighed falling global demand and a government report showing an unexpected decline in U.S. crude inventories. Light, sweet crude for January delivery fell 17 cents to settle...Tags: Diesel Fuel, Commodity Markets, National Government, Mahmoud Ahmadinejad, Inventories
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Obama brings hope, but short-term paralysis, to UN climate talks as world waits out Bush term
Associated Press WriterPOZNAN, Poland (AP) _ Barack Obama's upcoming presidency has infused a sense of hope in the current U.N. climate talks that the United States — one of the world's biggest polluters — may soon emerge as a global leader in saving the planet from...Tags: Conservation, Global Change, Ecosystems, Alternative Energy, Renewable Energy
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NATO foreign ministers confirm support for US missile defense shield over Russian opposition
Associated Press WriterBRUSSELS, Belgium (AP) _ NATO foreign ministers on Wednesday affirmed their support for U.S. plans to install anti-missile defenses in Europe despite Russia's strong opposition. The ministers said the planned U.S. defenses in Poland and the Czech...Tags: Dmitry Medvedev, National Government, NATO, Nicolas Sarkozy, Diplomacy
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European Central Bank, Bank of England under pressure to cut rates aggressively
AP Business WriterLONDON (AP) _ Europe's two main central banks are under mounting pressure to cut interest rates aggressively Thursday after a run of dismal economic data this week indicated the economic slump will be deeper and more prolonged than previously expected....Tags: Central Bank, Market and Exchange, Inflation and Deflation, Money and Monetary Policy
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Reports: Russian government to buy out mortgages from banks, lend money to airlines
MOSCOW (AP) _ Russia's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported. The finance ministry is drafting...Tags: Dmitry Medvedev, Mortgages, Money and Monetary Policy
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Scientists gauge impact of drilling off Va. coast
Associated Press WriterScientists are beginning to assess what they know--and what they don't--about the environmental consequences of drilling for gas and oil in a triangular section of the Atlantic Ocean off Virginia's coast. What they learn could open more Southern coastal...Tags: Virginia, Seafood and Fishing Industry, Environmental Pollution, Heads of State, Natural Resources
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Homeowners seek help to escape locked-in oil costs
Connecticut officials say hundreds of homeowners are asking for help to get out of costly fuel oil contracts they signed last summer. They locked in prices at a time when crude oil reached up to $147 per barrel and appeared to continue to be rising....Tags: Richard Blumenthal, Contracts, Connecticut
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DUI suspect arrested with fuel hose, nozzle sticking out of gas tank on Nevada highway
RENO, Nev. (AP) _ The Nevada Highway Patrol says a drunken driving suspect in Reno was gassed in more ways than one. A 40-year-old Reno woman was arrested early Tuesday after an ambulance crew saw her driving on U.S. Highway 395 with a fuel hose and...Tags: Transportation, Police, Nevada, Rubber Products Industry, Road Transportation
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Auto sales plunge
Associated PressU.S. light vehicle sales at General Motors and Chrysler plunged more than 40 percent in November, while Ford's sales dropped 31 percent, battered by an economic storm that has sent consumer demand for new vehicles to the lowest level in more than 26...Tags: Automotive Equipment, National Government, General Motors Corp., Toyota Motor Corp., Consumer Confidence
Dec 3, 2008
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|Story| Hampton Roads Daily Press
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Dec 3, 2008
|Story| Baltimore Sun
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