oil prices
oil prices Articles
Time for our daily look at the world of commodity prices and key developments. This Friday brings gold and silver, corn prices on the rise, and even a positive read on aluminum. Commodities markets...
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Portugal finally asked the EU for financial aid. The capital markets had driven its cost of borrowing too high to be sustainable. The country also had to admit that the figures from its last budget...
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Economists and the media continue to say that no one can predict when the price of gas will hurt consumer spending, damage business profits, and slow economic growth. There is no need to worry any...
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By Robert Herbst You think you are paying more at the corner gas station? Checkout what the airline industry is looking at! If the current price of jet fuel was the average for the year? It would...
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Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, would like the central bank to get out of the QE2 business as soon as possible. He offers a number of...
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At a presentation to analysts today, Exxon Mobil Corp. (NYSE: XOM) said it plans to invest about $34 billion in “high-quality” projects in 2011, and that spending through 2015 would average...
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Economic optimism tailed off in February. Oil prices are at least partly to gain, although the data is from a month ago. It is not hard to guess that the figures will worsen in March Gallup reports...
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The equivalent of PMI in Europe is starting to look like China’s. EuroStat announced that “In January 2011 compared with January 2010, industrial producer prices gained 6.1% in the euro area and...
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Just as passenger and freight traffic have begun to improve for the world’s airlines, rising crude oil prices have thrown a monkey wrench into the airlines’ hopes of profitability in 2011. The...
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The National Association for Business Economics said the deficit was its No.1 concern. (Reuters) Congress appears less likely to shut down the government because of budget problems. (Reuters) The...
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EADS division Airbus lost out on an Air Force tanker to Boeing (NYSE: BA) (Reuters) Gold and oil moved higher on concerns about Libya (Reuters) Apple (NASDAQ: AAPL) launched a new MacBook Pro...
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24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely...
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The oil majors will be reporting reserves replacement figures for 2010 over the next few weeks as they prepare their 10-Ks for the SEC. ConocoPhillips Corp. (NYSE: COP) reported replacement ratios at...
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The International Energy Agency (IEA) has raised its estimate for global oil demand by 120,000 barrels/day for 2011, to a total of 89.3 million barrels/day. The increase came as a result of greater...
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The month of December was not so hot for international air carriers. According to the International Air Transport Association (IATA), air traffic demand growth fell by -2.3% month-over-month, from...
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