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G8: Oil prices could spur global recession

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            East Asia



                2007 (7)
                2006 (2)
                2005 (3)
                2004 (1)
                2002 (1)

                   China
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China raises fuel prices
Jun. 19   China
  China raised prices for fuel by as much as 18% in a move that could cool the nation's surging energy consumption
Jun. 8   Japan
  Japan's energy chief launched a meeting of ministers from the G8 nations by warning that soaring oil prices could trigger a global recession
Jun. 7   Japan Oil crisis dominates G8 meeting
  The energy ministers of the world's leading industrialised nations are meeting amid fears soaring oil prices could damage the global economy

year 2007 Top ^

Dec.9   South Korea South Korea faces 'sea of oil'  Thousands of people used shovels and buckets to clean up S. Korea's largest oil spill, which blackened beaches along the western coast Dec.7   South Korea Tons of oil spill into Yellow Sea
  Thousands of tons of oil spilled off the western coast of South Korea after an oil tanker collided with a barge carrying a crane.    The crane punctured holes in the side of the tanker...
Nov.21   Singapore   Oil nudges $99 a barrel
  The declining dollar and speculation that the U.S. Federal Reserve will again cut interest rates also boosted prices
 Crude prices rose above a record $99 as worries about inadequate winter supplies in the Northern Hemisphere. Investors put their money into oil contracts, betting that gains will offset dollar weakness
Oct.17   Singapore Oil falls from record high  The prices have fallen in Asia from a trading record of over $88 a barrel amid expectations that a U.S. crude and gasoline stocks rose Oct.16   Southeast Asia Oil prices rise to intraday record  The prices rose to new intraday highs in Asia on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region Jul.13   North Korea N. Korea receives oil shipment  North Korea has started unloading the first shipment of oil to be delivered under a key nuclear disarmament deal Protests fuel rationing

year 2006 Top ^

Aug.24   Beijing   Chavez unveils China oil plan  Venezuela's President has said his country plans to export 500,000 barrels of oil a day to China within 5 years Record oil price of $78.40 per barrel

year 2005 Top ^

Nov.25   China Oil firm apologizes for toxic slick  China National Petroleum Corporation has apologized for an explosion that led to a slick entering the Songhua River Nov.21   Japan   Putin reassures Japan on pipeline  Russian President, speaking in Tokyo, says his country is committed to building a pipeline from Siberia to the Pacific Sep.30   Indonesia Clashes over fuel hike  The government has more than doubled the average price of fuel, despite angry protests by demonstrators

year 2004 Top ^

Feb.18   Japan   Japan signs huge Iranian oil deal  Japan has signed a $2bn deal to exploit Azadegan oil field

year 2002 Top ^

Nov.14   North Korea Oil shipments to N Korea frozen  The U. S. and its East Asian and European allies have voted to suspend fuel deliveries to the Communist nation



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