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World News   USA   Business   Oil
USA, Oil Timeline Tuesday, August 26     Author
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Oil price surges above $143 a barrel  New York: Light, sweet crude for August delivery rose $3.31 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe Saudi Arabia to increase oil output U.S.: Oil production has not met demand   Saudi Arabia: Energy Secretary Samuel Bodman: Oil prices are hitting record highs because production has not kept pace with increasing demands   Bush calls for offshore drilling

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                2004 (4)

                   New York (15)
                   Washington (6)

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Oil price jumps above $121 a barrel  New York: Oil prices shot up $6 a barrel, rising to the highest level in 2 weeks as escalating tensions with Russia stoked fears of a disruption of en...   Obama urges opening oil reserves  Presidential hopeful Barack Obama has outlined his plans to tackle the growing cost of energy and its impact on the U.S. economy   Gore challenges US to ditch oil  The Nobel laureate and ex-VP has urged Americans to abandon electricity generated by fossil fuels within a decade   Bush lifts ban on offshore oil drilling  Washington: President Bush lifted an executive order banning offshore oil drilling and urged Congress to follow suit Oil price per barrel reached $147.02


August 2008 ... more > Top ^

Aug. 21
Aug. 4


July 2008 ... more > Top ^

Jul.17
Jul.14
Jul.11
  New York: OPEC's president predicted prices may reach $170 by the Northern summer



June 2008 ... more > Top ^

Jun.30
Jun.21
Jun.18
  Washington: President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports
Jun.16 Oil at record near $140 a barrel  New York: The price of crude hit $139.89 , a new high of close, despite Saudi Arabia agreeing to increase output in July Jun.6 Oil price soars as US woes mount
  New York: The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise
Oil prices soar above $134 a barrel  New York: Crude oil is extending big gains from the previous day and racing toward an all-time high

May 2008 ... more > Top ^

May.23 Violence ripples to gas prices   Nigeria: Violence in oil-rich southern Nigeria is having a ripple effect - at gas stations in the United States May.22 Oil soars to new record over $135
  New York: The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude


April 2008 ... more > Top ^

Apr.18 Crude hits record $117 per barrel  New York: Oil and gasoline futures surged to a new trading record following an attack on a key pipeline in Nigeria

February 2008 ... more > Top ^

Feb.12 Exxon Mobil cut off from Venezuela's oil  Venezuela's state oil company has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts

year 2007 Top ^

Tons of oil spill into Yellow Sea Nov.30 Chavez threatens to cut oil if U.S.. Venezuela Oil nudges $99 a barrel Jun.25 US firms 'reject' Venezuela deal  Conoco Phillips and Exxon Mobil have reportedly rejected a deal that would keep them working in Venezuela's most important reserve Jun.6 Oil prices rise on cyclone, unrest. New York Jan.16 BP failed on safety - U.S. panel  Washington: Panel: British oil company failed to emphasize safety at its U.S. refineries before the Texas City explosion that killed 15 Jan.5 Drill ban sought for park. Alaska

year 2006 Top ^

Pipeline explosion kills at least 260
Aug.26 Chad president orders Chevron out Jul.13 Record oil price of $78.40 per barrel
  Due in part to N. Korea's missile launches, Middle East Crisis, Iranian nuclear brinkmanship
Jun.4 Iran warns U.S. on oil shipments  Ayatollah Khameni has warned that any 'misbehavior' directed at Iran would serve to disrupt Gulf energy shipments Apr.21 Oil breaks through record $75
  New York: There are fears of a supply disruptions in Iran and Nigeria and reports of gas shortages on the U.S. East Coast

year 2004 Top ^

Oct.22 Oil price rises above $55 a barrel
  New York: Petroleum supply crude data has shown 5 weeks of falling inventories of distillate fuel Oct.7 Oil climbs to $53 price peak. New York Sep.27 Oil rises to $50
  New York: Rising tension in Nigeria has pushed U.S. crude oil futures to the psychological level Aug.20 Oil nears key $50-a-barrel mark  New York: Fresh violence in Iraq has seen oil prices surge to $49.27 a barrel



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