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oil prices

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Nov 26

AP fact check: Trump’s myths on oil prices, cold snaps

By Calvin Woodward, Hope Yen, Associated Press

Here's a closer look at his recent rhetoric, covering the courts, midterm elections and the president's statements on global warming.

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Nov 23

Watch 4:14
News Wrap: Shoppers flock to deals on lucrative Black Friday

In our news wrap Friday, Americans swarmed stores and scoured websites for the best Black Friday deals. The retail data firm ShopperTrak estimates today’s sales will hit $23 billion, up more than $2 billion from last year. Violence emerged amidst…

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Aug 19

Column: Economy in tatters, Nigeria loses title as Africa’s largest economy

By Vikram Mansharamani

Since Nigeria’s central bank announced it would abandon its currency’s dollar peg, the naira has fallen 61 percent against the U.S. dollar.

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Aug 02

Watch 7:07
A stretch of North Dakota highway witnesses oil’s boom and bust

By PBS NewsHour

Oil prices have been dropping since the industry’s boom in 2014, and with that decline comes economic uncertainty for oil towns like Dickinson, North Dakota. Over 180 rigs drilled at the nearby Bakken oil field two years ago; only 27…

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Jun 21

Watch 5:03
Venezuelans face collapsing economy, starvation and crime

By PBS NewsHour

Plummeting worldwide fuel prices have damaged several economies, but perhaps no country has been hit harder than Venezuela. Once flush with oil money, the nation now faces a collapsing economy, skyrocketing inflation and a wave of looting and crime driven…

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Jun 04

Watch 6:04
Venezuela struggles with shortages as oil prices plummet

By PBS NewsHour

Venezuela has the world’s largest reserves of oil, but with the price of oil in a free fall, the country’s economy is shrinking, and the South American nation of 30 million people is suffering. New York Times reporter Nicholas Casey,…

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Apr 24

Watch 3:52
Saudi Arabia rethinks dependence on oil revenue

By PBS NewsHour

After a slump in global oil prices, Saudi Arabia’s monarchy is expected to announce a new vision for economic and political reform. Saudi Arabia is the world’s second largest oil producer behind the U.S. and is being forced to rethink…

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Mar 31

Watch 6:49
Oil-rich Venezuela suffers as global prices plummet

By PBS NewsHour

Falling oil prices around the world are usually considered a good thing. But for countries whose economies depend on oil exports, the price drop means impending catastrophe. Scott Tong of Marketplace recently traveled to Venezuela, where 96 percent of all…

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Jan 21

Can the Fed really fight global economic instability?

By Vikram Mansharamani

Recent events in the global economy are increasing the likelihood that the Fed will have to reverse its course on raising interest rates.

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Jan 18

Gas prices fall below $1 in one Michigan town

By Kamaria Roberts

Plunging oil prices and a local bidding war drove gas prices to less than $1 in one central Michigan town Sunday.

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