Dec 17 OPEC Agrees to Record Output Cut to Combat Falling Oil Prices By Admin, PBS News Hour Oil prices fell to their lowest level in four years Wednesday, despite news that the Organization of the Petroleum Exporting Countries agreed to a larger-than-expected oil production cut of 2.2 million barrels per day. Continue reading
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
Oct 09 Seven-day Slide: GM Drops 30 Percent as U.S. Stocks Continue to Tumble By PBS News Hour U.S stocks tumbled for a seventh straight session Thursday as investors bet recent worldwide efforts to thaw frozen credit markets would not be enough to avert a global recession. Continue reading
Jul 15 Watch Small Cars Make a Comeback Amid High Gas Prices Soaring gas prices have led many U.S. drivers to forgo large vehicles like SUVS for smaller cars. Essayist Anne Taylor Fleming examines the shift in consumer preference. Continue watching
Jun 26 Watch Wall Street Jitters, Fuel Costs Spread Economic Woes The Dow Jones dropped Thursday to its lowest point since September 2006, due to economic woes and soaring oil prices across the country. A chief investment officer examines the impact of the bleak news on the national economy. Continue watching
Jun 09 Watch Fuel Costs, Job Losses Batter U.S. Economy Rising fuel prices and news of massive job losses buffeted an already shaken U.S. economy in the past week. The record energy prices are affecting the cost of everything from baked goods to diapers. Journalists John Authers and Roben Farzad… Continue watching
May 21 Fuel Prices Reach Records Amid Supply Concerns By PBS News Hour Oil and gas prices once again surged into record territory Wednesday after a U.S. government report showed a surprise drop in crude stockpiles and stoked fears of a worsening supply crunch. Continue reading
May 16 Oil Tops $127 but Saudi Arabia Declines to Increase Production By Admin, PBS News Hour As oil soared to a record-high $127 a barrel on Friday, Saudi Arabia's leader rebuffed appeals by President Bush to increase oil production, saying they did not see enough demand to warrant increased output. Continue reading
May 06 Indonesia Mulls Quitting OPEC; Oil Prices Leap Past $122 a Barrel By PBS News Hour Indonesian President Susilo Bambang Yudhoyono said Tuesday that his country is considering dropping out of the Organization of Petroleum Exporting Countries based on its declining oil output. Continue reading
Apr 22 Supply Concerns Drive Oil Prices to New Highs By PBS News Hour Oil prices continued to soar Tuesday topping $118 a barrel after unrest in Nigeria and Yemen forced oil companies to limit production from key areas. Continue reading