OPEC ends Cairo meeting without new output cuts
CAIRO, Egypt - OPEC ended a hastily convened meeting in Cairo Saturday without announcing new output cuts, despite the steep drop in crude prices and the threat it poses to member governments' national budgets.
Nations:Algeria Saudi Arabia Ecuador Kuwait Nigeria Venezuela Activities:2007-8 Oil Crisis Source:(AP)
2008-11-29
France's Le Clezio wins Nobel literature prize
French novelist Jean-Marie Gustave Le Clezio won the 2008 Nobel Prize in literature on Thursday for his poetic adventure and "sensual ecstasy."
Nations:France Nigeria Source:(AP)
2008-10-09
Oil closes below $100 for first time in 6 months
NEW YORK - Oil prices closed below $100 a barrel for the first time in six months Monday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the U.S. economy.
Nations:Nigeria Mexico Activities:2007-8 Oil Crisis 2008 Hurricane Ike 2008 Hurricane Gustav
2008-09-15
Exxon Mobil 2Q profit sets US record, shares fall
HOUSTON - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.
Nations:Nigeria Activities:2007-8 Oil Crisis Source:(AP)
2008-07-31
Oil sets new record above $147 a barrel
NEW YORK - Oil prices spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and the potential for attacks on Nigerian oil facilities gave investors reason to rush back into the energy markets.
Nations:Nigeria Israel Malaysia Brazil Hungary People:Condoleezza Rice Activities:2007-8 Oil Crisis Source:(AP)
2008-07-11
Oil jumps above $140 on OPEC, Libya comments
NEW YORK - Oil futures shot above $140 Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production. The advance raised the likelihood that gasoline prices would also extend their march higher, and that prices of goods and services throughout the economy would also keep rising.
Nations:Libya Nigeria Activities:2007-8 Oil Crisis Source:(AP)
2008-06-26
Shell shuts down Nigerian oil field after attack
LAGOS, Nigeria - Royal Dutch Shell said it shut down production from an offshore oil field that produces about 200,000 barrels per day after the most powerful militant group in Nigeria launched an attack on an installation there Thursday.
Nations:Nigeria Activities:2007-8 Oil Crisis Source:(AP)
2008-06-19
Gas prices keep climbing even as oil prices drop
The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.
Nations:Nigeria Activities:2007-8 Oil Crisis
2008-05-29
Oil hits $135 a barrel on new supply concerns
Oil prices rose above $135 a barrel for the first time Thursday, with supply worries, global demand and an ever weakening U.S dollar driving crude futures up.
Nations:Nigeria Switzerland Activities:2007-8 Oil Crisis
2008-05-22
Oil prices surge to new record of $118 a barrel
The price of New York crude oil surged past 118 dollars per barrel for the first time on Tuesday, lifted by unrest in key producer Nigeria and the weak dollar, traders said.
Nations:Nigeria Activities:2007-8 Oil Crisis
2008-04-22
US drops China from list of top human rights abusers
The United States dropped China from its list of the world's worst human rights violators, but added Syria, Uzbekistan and Sudan to its top 10 offenders in an annual report released Tuesday.
Nations:Uzbekistan China Mauritania Belarus Kyrgyzstan Nigeria People:Condoleezza Rice Activities:Darfur Genocide Crisis China-U.S.
2008-03-11
IOC strips Marion Jones of 5 medals
The IOC formally stripped Marion Jones of her five Olympic medals Wednesday, wiping her name from the record books following her admission that she was a drug cheat.
Nations:Jamaica Nigeria Sri Lanka France People:Marion Jones
2007-12-12
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