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OPEC 'slashes output by 1.5m barrels per day'
(AFP)
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 AFP - OPEC decided to cut its oil output by 1.5 million barrels per day from November 1 at an emergency meeting here on Friday, Saudi Oil Minister Ali al-Nuaimi told reporters, as the cartel seeks to support plunging crude prices despite a looming worldwide recession.
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One man's garbage becomes another's power plant
(AP)
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 AP - Standing atop the 400-acre 1-E landfill, you get a panoramic view of the Meadowlands sports complex to the north and the New York City skyline to the east. You're also standing on a critical part of New Jersey's, and the nation's, energy future.
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AP INVESTIGATION: Palin pipeline terms curbed bids
(AP)
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 AP - Gov. Sarah Palin's signature accomplishment — a contract to build a 1,715-mile pipeline to bring natural gas from Alaska to the Lower 48 — emerged from a flawed bidding process that narrowed the field to a company with ties to her administration, an Associated Press investigation shows.
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Gasoline prices in steepest drop ever
(Reuters)
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 Reuters - The average retail price for a gallon of gasoline in the United States plunged more steeply than ever over the last two weeks as the economic slowdown weighed on crude oil and drove consumers off of the roads, according to the latest nationwide Lundberg survey.
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AFP - The influential former president of OPEC's second largest oil producer Iran on Friday called the world financial crisis a tsunami which has dragged down oil prices and caused a huge loss of revenue.
AFP - OPEC could meet regularly over the coming months to announce further cuts in oil output as a worldwide recession weighs on energy demand and crude prices, analysts said.
The Christian Science Monitor - The Organization of Petroleum Exporting Countries (OPEC) Friday announced a slash in oil production of about 5 percent, or 1.5 million barrels a day, in order to shore up rapidly plummeting prices in a grim global economic environment.
AFP - Finance ministers and central bankers from the oil-rich Gulf said on Saturday they expect their economies to continue to grow despite the global financial crisis and a sharp drop in oil prices.
AFP - Brent crude oil prices plunged underneath 60 dollars per barrel here on Monday, as traders responded to the potential impact of a global recession on energy demand.