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/ 8 September 2008
Lynley Donnelly investigates the reasons behind the quadrupling of the prices of commodities.
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/ 6 September 2008
Is it over? Was that the oil shock? Can we relax, sit back and expect our energy bills and prices at the pumps to tumble?
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/ 6 September 2008
US traders returning to their desks from the Labor Day weekend sold oil after earlier falls on Monday, helping to push the price down about 8%.
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/ 5 September 2008
Iran’s Opec governor said an oil price of per barrel was ”appropriate” in current conditions, the Oil Ministry’s news agency Shana reported.
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/ 3 September 2008
Oil prices fell sharply again on Tuesday to as low as ,46 a barrel — nearly 30% down from the recent record high of just over .
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/ 3 September 2008
Analysts predict the recession will be the worst we’ve seen for at least 30 years, writes David Teather in London.
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/ 2 September 2008
Oil prices dived under $105 on Tuesday, reaching four-month lows, after Hurricane Gustav apparently spared key United States energy facilities.
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/ 2 September 2008
Azad Essa, the IOLS-Research and the M&G compiled a series of stories about how people are being affected by the economic crunch.
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/ 1 September 2008
Oil prices rose more than $1 on Monday after energy firms in the US Gulf shut down nearly all offshore oil output ahead of Hurricane Gustav.
Oil and gas companies are preparing for a complete shutdown of offshore drilling in the Gulf of Mexico as tropical-storm Gustav gathers strength.
Oil fell to a barrel on Monday, extending the previous session’s steep losses.
World oil prices edged lower on Friday on profit-taking, after bumper gains the previous day as a crisis deepened between Russia and the West.
Oil fell to its lowest price in three months on Friday, briefly touching the level after the dollar muscled higher.
Thanks to global prices hikes, life in Addis Ababa just got harder for the cappuccino crowd, writes Lemlem Tilahun.
Oil prices fell further on Friday on the prospect of reduced energy demand because Europe’s main economies are shrinking, dealers said.
It is too soon to call an end to the oil price crisis that has engulfed global energy markets in the past year, the West’s oil watchdog has warned.
Crude oil rose topped a barrel on Monday, rebounding from a decline on concern fighting between Russia and Georgia could disrupt exports.
Oil edged below a barrel on Monday, but there were concerns about a tropical storm that threatened facilities in the Gulf of Mexico.
Japanese Prime Minister Yasuo Fukuda vows to fight price hikes as he tries to breathe new life into his government after a Cabinet reshuffle.
The cure for the high oil price is the high oil price, writes Maya Fisher-French
Oil prices fell below a barrel on Tuesday on expectations that Tropical Storm Dolly won’t disrupt oil operations in the Gulf of Mexico.
Oil rose to near a barrel on Tuesday, rebounding from a dip prompted by the restart of some production in major African oil exporter Nigeria.
Oil prices hovered near a barrel on Monday, swinging between gains and losses as traders weighed global supply concerns and a stronger dollar.
Oil leapt to a new record high near a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria.
Oil prices rose further on Friday amid tensions over crude producer Iran and at the end of an extremely volatile week of trading.
Soaring oil prices have led to such a boom for solar power that the industry could operate without subsidies in just a few years’ time, according to i
Leaders of the G8 powers warned on Tuesday that soaring oil and food prices pose a ”serious challenge” to world economic growth.
The price of oil rocketed to a record high past $146 a barrel on Thursday owing to falling reserves of US crude and simmering tensions over Iran.
An attack by Islamic extremists on Saudi Arabia’s oil sector would have disastrous consequences on the world market, analysts warn.
Oil surged past $145 per barrel for the first time on Thursday as the weak US dollar and Middle East tension stoked its record-breaking run.
Iran has warned of a fierce response and higher oil prices if attacked, but also signalled possible progress in a nuclear stand-off with the West.
Cross-border air freight traffic grew a meagre 1,3% year-on-year in May, according to airline industry figures released on Wednesday.