Jan 13 Saudi energy minister concerned about oil price volatility By Aya Batrawy, Associated Press Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. Continue reading
Dec 06 OPEC delays decision to cut oil production amid falling prices By Kiyoko Metzler, Carlo Piovano, Associated Press Crude prices have been falling since October because major producers are pumping oil at high rates and due to fears that weaker economic growth could dampen energy demand. Continue reading
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. Continue reading
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… Continue watching
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. Continue reading
Aug 02 Watch 7:07 A stretch of North Dakota highway witnesses oil's boom and bust By PBS News Hour 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… Continue watching
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… Continue watching
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,… Continue watching
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… Continue watching
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… Continue watching