”global oil prices” News

Retail sales dip points to spending strain

WASHINGTON (Reuters) - Retail sales edged down 0.1 percent in July on a big drop at auto dealers, the government said on Wednesday in a report suggesting consumers were straining to keep spending up amid rising prices.
08 14 2008 2:22AM (...more)

Poverty-hit Bangladesh forced into huge fuel price hike

DHAKA (AFP) - Impoverished Bangladesh became the latest victim of surging global crude costs Monday with the government announcing it has been forced to hike state-set fuel prices by between 34 and 66 percent.
07 1 2008 11:12AM (...more)

World oil prices stable amid supply concerns

LONDON (AFP) - World oil prices steadied in London and New York deals on Monday, supported by global supply concerns that have pushed crude futures to record heights in recent weeks.
10 9 2007 12:43AM (...more)

Oil falls below $114 on global demand worries

NEW YORK (Reuters) - Oil prices fell below $114 a barrel on Friday on growing concerns about demand in industrial nations and the stronger dollar.
08 16 2008 4:29PM (...more)

Oil falls slightly in Asia

SINGAPORE (AFP) – Oil prices fell slightly in Asia on Tuesday, after earlier gains on hopes a US economic stimulus package and a bailout for the auto sector would
12 10 2008 3:51AM (...more)

Retail sales dip in July, import prices up

WASHINGTON (Reuters) - U.S. retail sales edged down 0.1 percent in July on a big drop at auto dealers, the government said on Wednesday in a report suggesting consumers were straining to keep spending up amid rising prices.
08 14 2008 10:14AM (...more)

Kuwait plans measures to combat soaring inflation

KUWAIT CITY (AFP) - Oil-rich Kuwait plans to take a series of measures including increasing subsidies on food items to combat record inflation, the commerce minister told parliament Wednesday.
06 12 2008 4:10PM (...more)

Inflation at new 5-yr low, oil a risk

NEW DELHI (Reuters) - Indian annual inflation hit a new five-year low on Oct. 20 but analysts said the trend is unlikely to continue as a surge in global oil prices to record highs would eventually feed through to Asia's third-largest economy.
11 2 2007 5:50PM (...more)

Oil prices climb as OPEC hikes 2007 demand forecast

LONDON (AFP) - Global oil prices rose on Tuesday after crude producers' cartel OPEC upgraded its estimate for 2007 world oil demand growth, despite the current turmoil gripping world financial markets.
09 3 2007 12:33AM (...more)

Oil prices hit new peak above 145 dollars

SINGAPORE (AFP) - Oil prices broke through 145 dollars a barrel for the first time on Thursday, with Brent North Sea crude for August delivery at 145.01 dollars in Asian trade.
07 3 2008 6:27PM (...more)