Last Updated Stories in CRUDE

Examining the NGOs behind the Chevron Ecuador Lawsuit

A ruling in an historic $27 billion lawsuit against Chevron in Ecuador is expected later this year.  In anticipation of Chevron appealing that ruling, NGOs financed by a large number of foundations and a Philadelphia-based law firm are staffing up for a prolonged...

Blogger Targeted by ‘Spin’ in $27 Billion Lawsuit

For most of the past three weeks, I’ve been trying to learn as many details as possible about the a $27 billion class-action lawsuit pitting the Amazon Defense Coalition against Chevron.  Only last night,...

Chavez Threatens to Expel U.S. Embassy Personnel in Caracas

" Venezuelan President Hugo Chavez said he’s investigating whether representatives from the U.S. Embassy in Caracas met with leaders of the political opposition, and said he may expel them from the country. Chavez said he knows a group of opposition leaders recently...

Oil price rises with Middle East conflict

After sliding for many weeks Crude Oil prices have started rising due to  violence flared between Israel and Hamas. Crude supplies from the Middle East are likely to be affected in the ongoing fight between...

Jesse Jackson apologizes for crude remarks about Obama

 Jesse Jackson just did an unusual phone interview on CNN, apologizing in advance for what he said were crude remarks he made about presumptive Democratic presidential nominee Barack Obama. Read the...

Crude Oil below $25 - Prediction

According to predictions from Merrill Lynch & Co. crude oil is expected to drop below $25 a barrel. Definetly news which oil/energy companies are not going to be very happy about. What do you think about...

Venezuela calls for OPEC output cuts

Joining Lybian previous calls, Venezuela has also suggested a OPEC output cuts for stabilising world prices. This reduction -of an estimate one million barrels a day- would be proposed during the next OPEC...

Growth in oil stumbles- Oman Crude- $46.98 barrel!

"On the Dubai Mercantile Exchange, Oman crude oil closed at US$46.98 a barrel yesterday, the first time it has settled below $50 since it started trading on the exchange last year. On the New York Mercantile...

Brazil's Stocks and Currency Dive as the US Shifts Its Bailout Plan

Stocks in emerging countries such as Brazil are currently a roller coaster ride for the strong hearted. If you believe the Dow, Nasdaq, and TSX are currently a roller coaster ride, take a look at stock markets in emerging countries and you'll see several very hardcore and...

Oil price slides to 20-month low

Despite hope from the oil markets that demand from China would see an end to the oil price slide prices today fell to a 20 month low. Wether this will be reflected anytime soon in price falls at fuel pumps is...

Oil follows stock markets, falls below $65 in Asia

"SINGAPORE (AP) -- Oil prices fell below $65 a barrel Thursday in Asia as renewed concerns about the severity of a global economic slowdown triggered an exodus from stocks and commodities. Light, sweet crude for December delivery was down 83 cents to $64.47 a barrel in...

Oil falls to below $60 a barrel

Oil after touching $147  just few month back, is searching new bottom. Today it touched $60, which is far below the oil experts forecast.Whether sino-india led demand fueled yhe price to such high or the...

Fake oxford degree cost cabinet post for Iranian minister

The Iranian parliament today sacked the Interior minister on charges of fake degree from oxford.Ali Kordan accepted that the degree he obtained from oxford is fake. " Parliament in Iran has voted to sack...

OPEC Cuts Oil Production Amid falling Oil Prices

OPEC has agreed to cut production due to rapidly falling oil prices.  Airlines and other Oil dependent companies rushed to buy call options to lock in the current prices.  A call option means buyers can...

Opec cuts oil output amid falling prices

OPEC agreed to reduce oil production in an attempt to stop falling prices. As the world economy enters into a recession, oil demand has been dropping in the last week. As OPEC only controls 40% of the global oil...

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