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Breaking News Fri, 9 May 2008
Oil platform (offshare) (mk1)
Business   Oil   Photos   Prices   World  
 Reuters 
World begins to smart from oil's too rapid rise
Fri May 9, 2008 6:15am ET | | By Barbara Lewis and Peg Mackey - Analysis | LONDON (Reuters) - From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to... (photo: NASA)
Myanmar
Disasters   Economy   Food   Photos   Society  
 AOL 
UN halts aid to Myanmar after junta seizes supplies
YANGON, Myanmar (AP) - A U.N. official says the World Food Program is suspending cyclone aid to Myanmar because its government seized supplies flown into the country. | He says the WFP has no choice b... (photo: Creative Commons / )
 KLdy1 - june06 - oil prices - petroleum - petrol - gas station - petrol kiosk. (dy1)  Business Report 
Threat to the global economy is back - IMF

| By Manuela Badawy | New York - Global inflation was back after a prolonged period of stable prices, a top official at the International Monetary Fund (IMF) said yesterday, adding that policy makers ... (photo: WN / deniseyong)
Economy   Market   Photos   Society   World  
Egypt - Oil Prices - Oil crisis - Shell Station - Fuel - octane 90 and octane 92  Newsday 
Survey says executives see oil prices falling
| HOUSTON - Even as oil prices ascended to new highs of more than $124 a barrel this week, many oil and gas industry executives say they expect the price to fall significantly by year's end, a new sur... (photo: WN / tamer)
Houston   Industry   Photos   Price   Production  
Top Stories more Headlines
Petron The Manila Times
Gokongweis offer an option, says Finance
By Chino S. Leyco, Reporter | GOKONGWEIS' offer to acquire a substantial interest in the Philippines' largest oil refiner is just one of the government's options, the Dep... (photo: WN / Janice Sabnal)
Finance   Government   Oil   Philippines   Photos   Slideshow  
 Gasoline on the left, alcohol on the right at a filling station in Brazil- biodiesel- hires- am1 The Times Of India
Oil bears hard to find after market’s record run
| LONDON: Bears are a rare breed, but not yet extinct in an oil market where prices have doubled in the past 12 months and risen by a quarter this year. | History shows p... (photo: creative commons)
Market   OPEC   Oil   Photos   US  
Diesel Daily Star Lebanon
Oil shifts down from record levels as OPEC stands firm
| By Agence France Presse (AFP) | Friday, May 09, 2008 | LONDON: Oil prices came off near record levels on Thursday after spiking close to $124 as the Organization of Pet... (photo: WN / Janice Sabnal)
Market   OPEC   Oil   Photos   US  
Chicago cabbie William Oraka, reflected in pump, fuels up at a downtown station selling regular gasoline for $3.999 Wednesday, May 7, 2008, as oil futures rose to a new record near $124 a barrel The Australian
Oil rallies to record $US124

| OIL rallied back from early losses overnight to strike a fresh record above $US124 a barrel as strong diesel demand outweighed signs of rising OPEC supplies. | US crude... (photo: AP / Nam Y. Huh)
Market   OPEC   Oil   Photos   US  
 Petron station- gasoline - oil price - energy (mj1) wnhires The Times Of India
Oil prices hit new highs above $123
|     NEW YORK: Crude oil prices surged to new highs above $123 on Thursday in volatile trade after the OPEC cartel insisted the market was well-supplied and be... (photo: WN)
Market   OPEC   Oil   Photos   US  
Coal Daily Yomiuri
Domestic coal takes spotlight again

| An upsurge in energy costs around the world is beginning to affect coal prices. Coal is becoming more expensive and less readily available. | But this could be a boon t... (photo: GFDL)
Business   Energy   Industry   Mining   Photos  
 Oil price - petrol - energy - gasoline  (mj1) The Manila Times
World oil prices continue to breach records
| SINGAPORE: World oil prices continued their record-breaking run on Thursday, reaching a fresh intra-day peak near $124 dollars a barrel despite a larger-than-expected r... (photo: WN)
Market   OPEC   Oil   Photos   US  
It is estimated that the world has resources of about 1000 billion barrels of crude oil. One barrel is equivalent to 42 US gallons/159 litres. The largest reserves are in Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Iran. Major sources are also to be found in South America. Large quantities are also to be found in North America, Russia and China but these are being exhausted far faster than those in the Middle East. Further reserves, as yet not fully tapped, lie in Central Asia and Africa. Turkish Press
Venezuela's oil reserves swell to 130 bln barrels
| Venezuela's Minister of Energy and Petroleum Rafael Ramirez speaks during a meeting with South American counterparts in Caracas. Venezuela's proven crude oil reserves h... (photo: Public Domain / )
Caracas   Energy   Petroleum   Photos   Venezuela  


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