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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Business & money: Warning that small economic shock could be enough to cause serious problems.
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Banks wonât lend money. Oil has reached $100 a barrel. Unemployment is up. Whatâs a Fed chief to do?
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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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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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The Energy Department will hold off purchases of oil for the government's emergency reserve through the upcoming winter, the department said Monday.
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Mortgage lender calls on Bank of England to provide emergency funding, in new sign that the credit crunch is squeezing UK banking.
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The Bush administration is set to approve requests from two refineries to borrow oil from the government&#39;s Strategic Petroleum Reserve to make up for supplies
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URGENT action is needed to ensure sky-high oil prices do not derail the global economic recovery, the International Monetary Fund said yesterday.
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The US government is to let oil refineries borrow crude from its emergency stockpile to make up for supplies disrupted by Hurricane Ivan.
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China's Small Industries Struggle to be Green (3) Meanwhile, for small industries, even if the entrepreneurs want to make their plants energy friendly by upgrading the technologies, getting loans from the bank is not easy.
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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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Business & money: Â·  Warning that oil could hit $95 a barrel by end of year Â·  UK inflation outlook may force sixth bank rate rise
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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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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty so far of the credit squeeze sparked by the crisis in U.S. subprime mortgage markets.
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Crude oil in New York fell from a one-month high after a White House spokesman said the US may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.
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Two major oil companies and a small  Louisiana refiner are negotiating with the U.S. Department of  Energy to borrow crude from national emergency reserves as  crude producers in the Gulf of Mexico slowly recover from  Hurricane Ivan, sources said on Friday.