Venezuela: 2008 Inflation Was 30.9%, an 11-Year High
The rising price level is among theeconomic challenges facing President Hugo Chávez as falling oil prices threaten to curtail growth.
January 9, 2009
As Prices Rise, Some See $2 Gas
By CLIFFORD KRAUSSGasoline prices have risen by several cents amid indicators that the national average could jump to $2 a gallon or higher this spring.
January 6, 2009
Oil Opens the Yearby Moving Higher
By THE ASSOCIATED PRESS
Oil markets started 2009 with crude climbing above $46 a barrel, but prices are still roughly half those of a year ago.January 3, 2009
Iraq to Open More Oil Fields to Bidding
By CAMPBELL ROBERTSON and ABEER MOHAMMED; MOHAMMED HUSSEIN and RIYADH MOHAMMED CONTRIBUTED REPORTING FROM BAGHDAD,and IRAQI EMPLOYEES OF THE NEW YORK TIMES FROM DIYALA and NINEVEH PROVINCES.
Iraq announced that it would launch a second round of bids to license international oilcompanies to develop 11 oil and gas fields, some of which are shared with Iran and Kuwait.
January 1, 2009
Kuwait Scuttles Venture With Dow Chemical
By DAVID JOLLYThe multibillion-dollar joint venture fell victim to the financial crisis and the collapse of oil prices.
December 29, 2008
Slackening Demand Lets Oil Fall toFour-Year Low
By JACK HEALY
Oil prices fell to their lowest levels in more than four years, even after OPEC said it would cut production.
December 19, 2008
OPEC Agrees toAnother Cut in Production
By JAD MOUAWAD
The cartel hopes the move will help stabilize oil prices and eventually push them up to around $80 a barrel.
December 18, 2008