AFP - Oil prices tumbled Thursday to the lowest points for more than four years, diving under 38 dollars per barrel in New York, as traders suggested that OPEC would not fully enforce a record output cut.
The Christian Science Monitor - In a bid to confront rapidly sliding oil prices, which have dropped 40 percent from July highs amid collapsing demand, OPEC members announced historic cuts at their meeting in Algeria on Wednesday.
Reuters - The global economic slowdown trumped even the biggest OPEC output cut ever on Wednesday as the measure aimed at boosting oil prices instead deepened the gloom over slumping world demand, sparking a sharp drop to a four-year low.
Reuters - The Organization of the Petroleum Exporting Countries agreed on Wednesday to make its deepest output cut ever to counter slumping demand and falling oil prices, said the group's Secretary-General Abdullah al-Badri.
AP - U.S. oil consumption is expected to level off with virtually no growth between now and 2030 because of increases in energy efficiency, greater use of renewable fuels and an expected rebound in oil prices, the government said Wednesday.
AFP - British Airways said on Wednesday it was cutting fuel surcharges on long-haul plane tickets by as much as a third because of tumbling oil prices which slash the cost of jet fuel.
AFP - OPEC plans to announce an output cut of two million barrels a day, the Saudi oil minister said Tuesday, as the cartel looked to non-member Russia to help it prop up sagging oil prices.
AFP - World oil prices jumped more than two dollars on Monday after OPEC Secretary General Abdalla Salem El-Badri said the crude producers' cartel needed to approve a "very sizeable cut" in output this week.
AFP - Oil prices rose Wednesday as Russia hinted that it may soon announce plans to cut output, but gains were limited by news that heating fuel stockpiles surprisingly surged last week in the United States, traders said.
AFP - Crude oil prices plunged below 40 dollars on Friday to their lowest levels in nearly four years, as worse-than-expected jobs data in the United States raised prospects of a severe fall in energy demand.
