No image available
/ 21 November 2007
Oil soared to record highs on Wednesday, drawing within a hair’s breadth of the milestone as the United States dollar plumbed new lows and the onset of cold weather stirred anxiety over winter supplies. US light crude for January delivery surged to a record of ,29 a barrel early in the session, but pared those gains to stand 61 cents higher at ,64.
No image available
/ 14 November 2007
Chevron, the number-two United States oil company, has agreed to pay -million to resolve criminal and civil liabilities related to procurement of oil under the United Nations oil-for-food programme, US prosecutors said on Wednesday. Chevron will not be prosecuted and will continue to cooperate with investigators, they said.
No image available
/ 9 November 2007
Oil prices rose on Friday to regain ground lost in a fall the previous session, as persistent supply concerns and a late rebound in United States stocks offset worries about US economic growth. Wall Street fell on Thursday but finished well off its lows after a late rebound in financial shares lifted other stock sectors.
No image available
/ 5 November 2007
Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a ”-trillion problem”. US stocks followed European shares lower, while safe-haven bonds rallied and even the downtrodden dollar ticked up.
No image available
/ 25 September 2007
The euro resumed its record-setting run against the dollar on Tuesday, climbing to ,4153 after a pair of economic reports painted a dismal picture for United States consumers and the ailing home sales market. The strength of the euro drew concern, with Spain’s finance minister warning of problems.
No image available
/ 22 September 2007
Fidel Castro looked alert and healthier during an hour-long interview taped and aired on Cuban television on Friday, responding to rumours of his death with a defiant ”here I am”. In the first video of the ailing 81-year-old revolutionary seen in more than three months, a pale Castro stayed seated the entire time.
No image available
/ 21 September 2007
The price of London Brent oil hit another all-time high on Friday on United States storm concerns at the end of a record-breaking week that saw New York crude soar beyond per barrel. The price of Brent North Sea crude for November delivery surged as high as ,35 per barrel, beating Thursday’s record.
No image available
/ 18 September 2007
Oil prices topped 81 dollars a barrel for the first time on Tuesday, setting another record high amid fears of critically tight supplies for the winter season in the United States. Opec’s announcement last week that it would pump an extra 500 000 barrels per day from November has failed to stop the surge in price.