Energy Markets

Wal-Mart November Comparable Sales Better Than Expected

Retailing giant Wal-Mart (WMT) said Thursday that sales at established locations climbed 3.4 percent in November, excluding the impact of fuel sales. This beat expectations as deal-conscious shoppers looked to save money in the...

The cars of the future are here now

For a century the gasoline engine has remained largely unchallenged, seeing off all pretenders to its crown. But with concerns about greenhouse gas emissions and a host of new contenders looming large in the rear view mirror,...

Storm clouds gather for airlines, but Southwest CEO has a plan

Storm clouds gather, but Southwest CEO has a plan With a head for numbers and strategy, Gary Kelly is suited to tough times By Christopher Hinton, MarketWatch NEW YORK (Menafn - And at a time when other airlines were forced to...

Airlines benefiting from reduced fuel costs should cut fares

Remember how air fares increased as fast as fuel prices not so long ago? Well, now that fuel costs have fallen 50 percent since July, there ought to be a corresponding drop in air fares, right? Apparently, most airlines don't...

Probe Responds to Frankel Claim

THE WOODLANDS, TEXAS, December 4 / MARKET WIRE/ -- Probe Resources Ltd. (the "Company") (TSX VENTURE: PBR) responds today to the baseless allegations made by Frankel Offshore Energy, Inc. ("Frankel") in a lawsuit filed in state...

Lower Prices: Wait till suppliers clear stocks, says CAP

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad launching Giant’s latest price reduction campaign at its Kota Damansara hypermart yesterday. He says it is time for smaller stores, such as this sundry shop...

Electricity tariff reduced by nearly 24.7% for first quarter of 2009

SP Services said that on average, the tariff for all customer categories will be down by 24.9 per cent due to lower fuel oil prices.It added that for the first quarter of next year, tariffs are pegged...

Oil Prices Slide Below $46 a Barrel

NEW YORK -- Crude oil descended to prices not seen in nearly four years Thursday as the world economic slowdown continued to take a toll. Light, sweet crude for January delivery was recently down 89 cents, or 1.9%, at $45.90 a...

Iran Confronts an 'Economic Evolution': Ahmadinejad's Plan to Curb Government Subsidies Threatens...

TEHRAN, Dec. 3 -- Gasoline? It's 36 cents a gallon. Laundry detergent? Fifty cents for a standard-size box. Milk? About 20 cents a quart. These prices are so low because Iran's government spends half its national budget to...

Mexico, The Next Disaster

Jesse Bogan, Kerry A. Dolan, Christopher Helman and Nathan Vardi, 11.27.08, 06:00 PM EST Forbes Magazine dated December 22, 2008 Narco violence is exploding--just as oil prices are plunging and Mexico is bracing for a deep U.S....