AP - The prime minister of energy-rich Trinidad has told its citizens to expect cuts in government programs because of an anticipated loss of $1 billion due to the fall in prices of crude oil, natural gas and petrochemical products.
AP - An early rebound in many stock markets supported oil prices Friday, with crude creeping off a 3-year low to trade above $50 a barrel, although gains were limited by continued fears of global recession.
AFP - World oil traded below 50 dollars on Friday, after touching lows unseen in more than three years on growing fears that a worldwide recession could ravage energy demand, analysts said.
Reuters - Oil rallied from three-and-half-year lows on Friday, spurred partly by gains in global stock markets reflecting hopes that central banks around the world might cut interest rates, including China.
AP - World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years.
Investor's Business Daily - Uncertainty in demand from Italy, slowing U.S. new-home starts, a weakening euro, declining oil prices, a sharp drop in solar panel prices and investor flight to safety have cast a dark cloud over the once white-hot solar energy ETFs.
Reuters - Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.
AFP - Oil prices crashed below 50 dollars a barrel on Thursday as plunging equities and weak US data sparked fresh fears that a worldwide recession would ravage energy demand.
AP - Air France-KLM Group said Thursday its profit plunged in the second quarter as higher oil prices and financial charges weighed on the airlines' earnings.
AFP - Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand.
Reuters - Falling oil prices will take a bite out of Alaska's state budget and put a damper on oil-field investment, Gov. Sarah Palin told a conference of major North Slope oil operators on Wednesday.
AP - German solar energy company SolarWorld AG said Wednesday it plans to offer euro1 billion in cash and credit for some assets of carmaker Adam Opel GmbH, the German subsidiary of financially strapped General Motors Corp. GM said it wasn't selling.
Reuters - General Motors dismissed a surprise overture for its cash-strapped German unit on Wednesday as calls mounted for European governments to come to the aid of automakers hit by the global financial crisis.
AFP - German solar power group SolarWorld took the struggling auto sector by surprise Wednesday with a takeover bid for troubled General Motor's German car unit Opel.
AP - Ecuador's leftist president announced a raft of import restrictions Tuesday designed to safeguard the economy as oil prices plunge, while foreign investors awaited his decision on whether he would halt debt payments.
AP - Wholesale prices in October experienced the biggest one-month drop on records that go back more than 60 years, illustrating the impact falling energy prices and fears of a prolonged recession can have on inflation.
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