LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]
LONDON (Reuters) – Oil prices slipped below $41 a barrel on Friday as data showing a big rise in U.S. unemployment deepened gloom over the outlook for the world’s biggest oil consumer.
U.S. employers slashed payrolls by 524,000 in December, driving the national unemployment rate to its highest level in almost 16 years, a government report [...]
By GEORGE JAHN, Associated Press Writer
VIENNA, Austria – Worries about global economic growth and expectations of a weak U.S. jobs report pushed oil prices lower Friday, despite concern about fighting in Gaza and evidence that OPEC production cutbacks were taking hold.
Oil prices had risen earlier this week to above $48 from a five-year low [...]
Investors respond to a weaker dollar, rising stock prices and grim economic reports.
By Ben Rooney, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — The price of oil fell Tuesday, after a big rally in the previous session, as dour economic reports darkened the outlook for already weak demand for oil and gasoline.
A weaker dollar and rising stock [...]
TEL AVIV, Dec 4 - Ormat Industries said on Thursday its subsidiary Ormat Technologies had completed phase two of construction of a geothermal plant in Kenya.
The Olkaria III plant will add 35 MW of base load capacity to the existing 13 MW plant which has been in operation since 2001, Ormat Industries said [...]
By Lisa Bryant
Paris
27 November 2008
The head of the International Atomic Energy Agency expressed frustration Thursday that neither Iran nor Syria been completely transparent about their alleged nuclear activities. For VOA, Lisa Bryant has more on the agency’s findings from Paris.
The International Atomic Energy Agency is holding a two-day meeting to examine reports on the [...]
CAIRO (AFP) – An Egyptian court on Tuesday ordered a freeze on controversial gas exports to Israel, saying parliament must first be consulted on the 15-year deal with Egypt’s former foe, a judicial source told AFP.
But Israel expressed confidence that the Egyptian government would not allow any interruption to gas deliveries under the deal despite [...]
The Associated Press
Published: November 13, 2008
SEOUL, South Korea: Iran must restore international confidence in its nuclear program, South Korea said Thursday after the Middle Eastern nation tested a long-range missile.
The U.S. and many of its allies have accused Iran of using its nuclear program as a cover for weapons development. Iran denies the charge, saying [...]
TEHRAN (AFP) — Iran will continue with uranium enrichment, the focus of international fears about its nuclear programme, even if the country is promised supplies of nuclear reactor fuel, Foreign Minister Manouchehr Mottaki said on Sunday.
Iran’s “unchangeable policy is to be self-sufficient in fuel production for (nuclear) plants,” Mottaki told reporters. “We are determined to [...]
JERUSALEM, Sept 15 (Reuters) - Poalim Capital Markets, a subsidiary of Israel’s Bank Hapoalim (POLI.TA: Quote, Profile, Research, Stock Buzz), said on Monday it was setting up a fund with U.S.-based Hudson Clean Energy to invest in alternative energy companies.
The fund, called Poalim Hudson Clean Energy, will invest between $50 million and $500 million [...]
