Emergency oil loans 'too small'
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Oil prices jump to record closing levels in New York amid concerns about the US supply situation.
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A government report grossly underestimates the potential for domestic production of the alternative fuel. Is it incompetence or an intentional slight? In Autopia.
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The payday lender needs to pull in more cash.
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Smaller banks find problems in some commercial real estate loans.
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Oil prices fell on Thursday on expectations that the United States might loan some crude to U.S. refiners from its strategic petroleum reserve after weather-related disruptions led to a big dip in supplies.
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Northern Rockâs need for emergency funding represents a broadening of the effects of the global financial crisis.
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With oil near &#36;50 a barrel, the Bush administration said on Thursday it would negotiate with refineries that want to borrow oil from the federal emergency stockpile to offset supplies disrupted by Hurricane Ivan.
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With oil near $50 a barrel, the Bush  administration said on Thursday it would negotiate with  refineries that want to borrow oil from the federal emergency  stockpile to offset supplies disrupted by Hurricane Ivan.
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An index of US services dropped to a 16-month low in September, suggesting high energy prices may limit economic expansion. Yet a gain of more than 50 percent in the cost of oil this year didn't prevent executives from increasing hiring.
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Mortgage lender Northern Rock calls on Bank of England to provide emergency funding.
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Oil futures hit a record high Friday as the government began lending oil from emergency reserves to refineries running low on crude after Hurricane Ivan.
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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WASHINGTON, Aug 20  - US Treasury Secretary John Snow said on Friday there had not yet been a large enough disruption to the supply of oil to warrant tapping US emergency stockpiles.
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The tiny but elite club of Group of  Seven finance chiefs seems to have hit the limits of its  influence on the two top economic issues of the day -- oil  prices and the emerging powerhouse that is China.
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The Bush administration announced Thursday it would provide U.S. refineries with "limited quantities" of crude oil from the nation's emergency stockpile to help offset supply disruptions along the Gulf Coast from Hurricane Ivan.
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Oil&#39;s advance wavered a little on Friday as the US government prepared to lend out some strategic crude stocks, but traders said the amounts were small and that supply worries remained.
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Oil supplies may fall short of demand by 13 million barrels a day by 2030, according to a study led by former Exxon Mobil Corp. chairman Lee Raymond and based on forecasts from the world's largest oil companies.