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Emirates first half profits nosedive
(AFP)
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 AFP - Dubai's Emirates airline said on Monday its net profit for the first half of the financial year dropped a dramatic 88 percent to 77 million dollars because of high oil prices.
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Iran wants OPEC to cut 1.5 million barrels
(AP)
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AP - Iran called on OPEC Saturday to cut production by a further 1 million to 1.5 million barrels per day when it meets in Cairo later this month, state television's Web site reported Saturday.
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Iran favours OPEC cut of 1.0 to 1.5m bpd
(AFP)
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 AFP - Iran, OPEC's number two oil producer, favours a cut in crude production of 1.0 to 1.5 million barrels per day when the oil cartel meets in Cairo later this month, state television reported on Saturday.
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Lower heating costs predicted this winter
(AP)
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AP - The dramatic drop in world oil prices means a break this winter in heating costs, especially for the eight million households, primarily in the Northeast, that rely on fuel oil, the government says.
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Oil price slides under $55
(AFP)
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 AFP - Oil prices sank under 55 dollars a barrel on Tuesday to strike a 21-month low as frresh recession worries sparked fresh fears about slowing global energy demand, traders said.
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AFP - Deepening recession and divisions over how to tackle the global financial turmoil increased pressure on world leaders Friday ahead of a summit of more than 20 of the richest nations and emerging countries.
Reuters - Iran's OPEC governor said on Saturday talks were underway on cooperation between OPEC and producers outside the cartel to reduce oil output, following tumbling crude prices in recent months.