Why lower oil prices won’t necessarily boost the U.S. economy
Despite lower prices at the gas pump -- welcome news for the millions of travelers hitting the road during the holiday season -- the drop is unlikely to be a net gain for the U.S. economy.
Column: Economy in tatters, Nigeria loses title as Africa’s largest economy
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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Oil Prices Continue Slide as OPEC Agrees to Cut Production
Oil prices continued to slide Friday despite an agreement by OPEC members to cut production by 1.5 million barrels per day, in a new sign of the far-reaching fallout of the global financial crisis.
The Iraqi government announced Monday it was accepting international bids for contracts to operate six of its oil fields. An economics expert discusses the prospect of Western oil companies working in Iraq.
Despite pressure from the U.S. government to quickly enact an oil revenue-sharing law, Iraqi lawmakers have put off approving the measure. Two industry experts detail the obstacles to drafting the oil law.
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