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oil prices

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Jun 21

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

By PBS News Hour

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 News Hour

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 News Hour

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 News Hour

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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Aug 21

Watch 4:06
Will Wall Street’s rough week prove an overdue correction?

By PBS News Hour

There was a global sell-off of stock today, as investors panicked in the wake of another Chinese stock crash. To understand Wall Street’s bad week, Judy Woodruff speaks to Liz Ann Sonders of Charles Schwab.

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Apr 03

Watch 4:27
Do weaker U.S. jobs numbers suggest a downshifting economy?

By PBS News Hour

March put an end to a year-long streak of solid U.S. job growth. The Labor Department reported that employers added a net of just 126,000 jobs last month. Hari Sreenivasan talks to Diane Swonk of Mesirow Financial about what’s behind…

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Feb 05

In Venezuela, a box of condoms runs $755 as oil prices plummet

By Marina Lopes

As the petroleum-rich country’s economy is slammed by falling oil prices, expensive imports like condoms are becoming a luxury only the wealthy can afford.

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Jan 27

Watch 7:17
As oil prices drop, North Dakota’s booming industry braces for a winter cooldown

By PBS News Hour

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Friday, Sep 5
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