Crude oil prices might drop - OPEC Chief said

Anuradha Agarwal a year ago Region: Algeria

OPEC chief said that crude oil prices might drop to 70 dollars if dollars strengthen and concerns over Iran are reduced. The OPEC chief Chakib Khalil said on a sideline of a conference that there are two conditions for d... more

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German boy sets on fire to his BMW car to protest hike in crude oil

Anuradha Agarwal a year ago Region: Germany

An unemployed German sets his car on fire in front of convention centre at Frankfurt, Germany. He was protesting against high crude oil prices. The 30 years old, German parked his car in the lawn of the center ... more

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Kazaks Struggle With Oil and Food Prices

IWPR a year ago Region: Kazakhstan

  Government’s attempt to hold fuel prices down may be too little, too late. By Daur Dosybiev in Almaty (RCA No. 546, 30-May-08) A new ban on exports of petroleum products is designed to stabilise the dom... more

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Wall Street Takes A Nose-Dive on Fed Minutes, Oil Prices

Jacob Cherian a year ago Region: United States

  According to news reports, Wall Street took a nose-dive on the Fed's outlook for the rest of 2008. And record crude oil  prices hovering near $130 a barrel was not much of a boost either. The big three indexe... more

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China Exports Inflation To U.S.

Jacob Cherian a year ago Region: United States

According to an article by Jim Mubak on MSN Money, the Chinese are exporting inflation to the U.S. And that's not all that funny! For the last decade or so, the U.S. was riding the wave of the Chinese economic boom. The b... more

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UN Report Warns Nepal on Food Crisis

Mohan Nepali a year ago Region: Nepal

According to a report recently made public in Kathmandu by the United Nations World Food Program and the Nepal Development Research Council, about 5.6 million Nepalis are at food crisis risk. The report indicates that five... more

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Indian government the rising crude oil prices may be a worry

Suruchi Gupta a year ago Region: India

  For the Indian government the rising crude oil prices may be a worry, but it may well turn out to be an opportunity for Reliance Industries which announced the closure of 1,432 retail pumps two months back. Because... more

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Chrysler’s Jedi Mind Trick: “Let’s Refuel America” - $2.99 per Gallon Ga

Lateefx a year ago Region: United States

Chrysler’s new campaign “Let’s Refuel America” gives customers that buy one of its cars a guarantee that will ensure them gasoline at $2.99 per gallon for the next three years (CarReview.com, 2008).... more

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Soaring Gas Prices Also Deals A Sting To US Troops

Can Tran a year ago Region: United States

The price of oil per barrel continues to climb upwards. That means that the price of gas per gallon is going to climb upwards as well. The rise in fuel costs have been one factor to thank in regards to the soaring price of... more

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Oil Power Competition

Josf a year ago Region: California

http://tinyurl.com/6qzdwd +++++++++++ The Saudis are widely believed to be concerned that escalating oil prices - crude hovered around $134 a barrel Thursday, nearly double what it cost a year ago - will cause a perman... more

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