Automotive Fleet

Tag Search Result


What's Behind the Lowest Diesel Prices in Years?

Since the summer, the price of oil has plummeted 50 percent, hitting its lowest level in more than five years about a week before Christmas. Diesel has fallen from a yearly high of $4.021 in March to $3.419 in mid-December.

Oil Price Rises 6.7 Percent on Friday

NEW YORK --- For the first time in four days, crude oil futures rose Friday as traders bought the contracts following their 9.3 percent slump in the previous session, MarketWatch reported.

OPEC Expected to Lower Output Further

NEW YORK --- The Organization of Petroleum Exporting Countries is expected to lower output targets by at least 2 million barrels a day, or 7.3 percent, when its members meet Dec. 17, according to 18 of 33 analysts surveyed by Bloomberg.

Oil Price Rebounds to Above $43

NEW YORK --- Oil prices rebounded from four-year lows and rose above $43 a barrel Monday as OPEC floated the option of a "severe" production cut and several countries announced new plans to stimulate their economies.

Oil Drops Below $50 a Barrel in Today's Trading

NEW YORK --- Crude oil fell below $50 a barrel today after the Organization of Petroleum Exporting Countries postponed a decision to reduce output until its next meeting on Dec. 17, Bloomberg reported today.

OPEC Opts to Delay Output Decision

CAIRO, Egypt --- OPEC has postponed a decision on whether to cut production again this year, Bloomberg reported. OPEC will take any "additional action" needed to stabilize the market at a summit in Oran, Algeria, on Dec. 17.

Oil Prices Drop

NEW YORK --- Crude-oil futures dropped more than $2 a barrel today, amid lingering concerns about demand, the Wall Street Journal reported.

Oil Prices Continue Fall Despite OPEC's Efforts

VIENNA, Austria --- After an emergency meeting in Vienna, OPEC announced plans to cut production by 1.5 million barrels a day in an effort to buoy crude oil prices, the Los Angeles Times reported.

a Bobit media brand

Create your free Bobit Connect account to bookmark content.

The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!

Create Account