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 29 Why lower oil prices won’t necessarily boost the U.S. economy By Thomas Maxwell 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. Continue reading
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
Jun 26 Watch Assaults on Iraqi oil fields sow worry over global gas prices By PBS News Hour Continue watching
Oct 24 Oil Prices Continue Slide as OPEC Agrees to Cut Production By PBS News Hour 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. Continue reading
Jun 30 Watch Iraq Opens Oil Fields to Foreign Firms for Output Boost 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. Continue watching
May 18 Watch Iraqi Lawmakers Struggle with Oil Revenue-sharing Plan 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. Continue watching