BEIJING, Oct 22- China's central bank is likely hold its line against an interest rate cut even as growth slows to a quarter-century trough, as the politics of reform influence the conduct of monetary policy, government sources involved in internal policy discussions say. The People's Bank of China faces growing pressure to cut interest rates to support growth,...» Read More
Slightly less than 40 percent of shareholders voted at the oil company's annual meeting Wednesday to create an independent chairman.
Indonesia will quit the Organization of the Petroleum Exporting Countries because as a net oil importer it is not happy with high global crude prices, the energy minister said on Wednesday.
Exxon Mobil has scrapped with Venezuela's Hugo Chavez over nationalized oil projects and sparred with U.S. senators over high oil prices.
China has evacuated more than 150,000 people living below an swollen lake formed by this month's devastating earthquake amid fears it could burst and trigger massive flooding, state media said on Wednesday.
A strong aftershock jolted southwest China killing at least one person and injuring 400 others, state media said, nearly a fortnight after a big earthquake killed tens of thousands in the same area.
As consumers began hitting the road Friday for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12
The onset of the rainy season threatens to swell dangerous "quake lakes" and compound the difficulties of reconstruction after China's worst earthquake in decades.
The U.S. Air Force operates the "world's largest airline" and every $10-per-barrel increase in crude oil boosts its annual operating costs by $610 million, Air Force Secretary Michael Wynne said on Thursday.
Its price has become one of the most widely discussed, debated and feared topics on Wall Street and on Main Street. But what's next? Will it continue to climb toward a "super spike" or have we seen the top for oil prices?
Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
Tell Us: Who's to Blame for America's Oil Crisis?
Heavy rain over southwest China on Wednesday is likely to interrupt relief efforts and raise the risk of reservoir breaches in earthquake-stricken areas, where tents have become the most-wanted item.
China began three days of national mourning on Monday for more than 30,000 victims of an earthquake that struck a week ago.
China struggled on Friday to bury the dead and offer relief to those left injured, homeless and without food and water by the earthquake that may have killed more than 50,000 people.
Friday may be national Bike-to-Work Day, but more and more commuters are doing it on a daily basis, driven by ever-higher gasoline prices.
China ordered fresh waves of helicopters and aid into earthquake-devastated areas as severed roads, aftershocks and the sheer magnitude of 15,000 or more dead defied increasingly desperate rescue efforts.
Congress voted overwhelmingly to stop adding oil to the Strategic Petroleum Reserve until crude prices fall below $75 a barrel.
Thousands of Chinese troops are set to join a frantic search for earthquake survivors on Wednesday, with prospects looking increasingly grim for thousands of people buried under rubble and mud.
China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said on Tuesday nearly 19,000 were buried under rubble in one city alone.
Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.