EIN News: Australia & New Zealand Oil & Gas News

MARKET WATCH: Economic crisis pulls down energy prices

7 Oct 2008 22:37 GMT

... 7 as officials of the Organization of Petroleum Exporting Countries speculated about possible production cuts ... for a higher opening this morning after Australia cut its interest rate by 100 basis ... from the Caspian Sea, rebel attacks on oil facilities in Nigeria, and the temporary shutdown ...

Economic crisis: Fed's Bernanke warns of more economic pain ahead

7 Oct 2008 22:36 GMT

... in five years. Steps by the Federal Reserve to reinvigorate the dormant credit markets ultimately ... other major currencies, while gold prices rose. Oil prices rebounded after plunging Monday to an eight-month ... moves from the Fed to boost confidence. Australia's central bank lowered interest rates by the ...

Economic crisis: Fed's Bernanke warns that more economic pain ahead

7 Oct 2008 22:36 GMT

TSX down 100 points, resource stocks taking another beating -- Canadian Commentary

7 Oct 2008 22:32 GMT

... but turned negative as the price of oil for November slipped back below $90 a ... an effort to boost liquidity. Overnight, the Reserve Bank of Australia responded to a shrinking national economy and ...

Shares end mixed

7 Oct 2008 22:32 GMT

... were prominent among the worst performing shares. Australia helped to spark an early rally among ... points to 6,427. On the positive side, oil and gas companies gained as crude prices climbed back ...

Dow Drops Below 9,700 as Bernanke Speaks

7 Oct 2008 22:32 GMT

... S&P 500, NASDAQ, DOLLAR, FUTURES, FINANCIALS, STOCKS, OIL, CRUDE OIL, DOLLAR, CURRENCIES, US MARKETS, MARKETS, ... markets closing later received a boost after Australia cut interest by a full percentate point. ... England announcement; Weekly jobless claims; Wholesale trade; Natural-gas inventories; Fed's Stern speaks; Earnings from Chevron ...

Stocks start to recover after the fall

7 Oct 2008 22:31 GMT

... investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate ... added 11.56, or 0.62 percent, to 1,851.40. Australia's central bank cut interest rates by the ... 3.52 percent from 3.58 percent late Monday. Oil prices rebounded to near $90 Tuesday, a day ...

Stocks decline as Street worries about financials

7 Oct 2008 22:31 GMT

Market flat; rate worry tempers Fed action

7 Oct 2008 22:31 GMT

... opened higher on Tuesday after the Federal Reserve moved to unclog the commercial paper market, ... banks. Shares of energy companies rose as oil prices rebounded after Monday's tumble. Exxon Mobil ... news of rate cuts came out of Australia, which slashed rates by a full percentage ...

Toronto stock market fluctuates after early rebound

7 Oct 2008 22:29 GMT

... will cut fifty basis points. "We saw Australia cut one-hundred basis points; it's a shocking ... I suppose. Their hardship translates to affordable gas for the workers; the people who ACTUALLY ... to the little guy, just like the oil business would do if we placed a ...

Pros Ands Cons For A Rate Cut

7 Oct 2008 22:28 GMT

... Oct 2008 | 01:25 PM ET FEDERAL RESERVE, INTEREST RATES, FINANCIAL CRISIS, ECONOMY, TREASURY, BEN ... any other corner of the world, including Australia, which slashed rates a full percentage point ... the real economy. With commodities especially oil prices down sharply, so the argument goes, ...

US stocks fluctuate after Fed corporate debt plan

7 Oct 2008 22:27 GMT

... to the range of options the Federal Reserve has laid out to inject the sluggish ... confidence, including perhaps an interest rate cut. Australia's central bank lowered interest rates by the ... have their money in a secure place. Oil prices rebounded to near $90 Tuesday, a day ...

Stocks Slide as Credit Worries Squeeze Market

7 Oct 2008 22:18 GMT

Inflationary U.S. Bailout May Boost Oil

7 Oct 2008 22:12 GMT

... U.S. government's finance sector bailout could drive oil back above $150 a barrel in the ... after a large interest rate cut by Australia's central bank aroused hopes that other policymakers ... to coal, a dirtier fuel than natural gas, emissions prices will likely increase," he added, ...

Oil Rises to Below $90 on Australia Cut, US Fed Move

7 Oct 2008 22:11 GMT

... Oil Settles Above $90 on Possible OPEC Output ... some members of the Organization of the Petroleum Exporting Countries. "If this volatility continues, OPEC ... a move to restore credit flows. An Australia cut rate cut also raised hopes that ...