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AS IT IS 2015-01-09 Oil Supply Swells Driving Prices Down The price of oil has continued to drop, reaching its lowest levels in more than five years. Many experts say one main reason is that oil supplies are high. Carl Larry is an oil and gas expert
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By Selah Hennessy London 20 October 2009 A global watchdog group says world oil supplies are running low and that may lead to food shortages and spiraling armed conflict. Britain-based Global Witness says governments are doing nothing to prepare for
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By Michael Bowman Washington 23 April 2008 Since the beginning of the decade, gasoline prices in the United States have roughly tripled, while the global price of a barrel of oil has risen even more. The trend has inflicted pain on consumers and petr
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Broadcast: Jan 25 2003 Saudi Arabia's oil minister says his country and the oil cartel, OPEC, could make up for any interruption in oil supplies caused by a possible war in Iraq. He told business and
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By Mil Arcega Washington 03 January 2008 Oil prices soared to a record $100 a barrel Wednesday in New York before falling back, as worldwide demand for oil continues to grow. Surging economies in China and India have helped push oil prices higher ove
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NEW YORK, July 13 (Xinhua) -- Crude prices rose on Friday as supplies tended to be tight on new Iran sanctions and production problems in North Sea. There was news on Thursday saying that the Obama administration expanded sanctions on Iran, in an eff
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