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Stocks plummet in late trading but end May higher

...trading, oil fell $1.64, or 1.8 percent, to $91.97 a barrel, close to its lowest in a month, after OPEC oil ministers said they would keep their output targets steady. Gold fell $19 to $1,393 an ounce, a decline of 1.3 percent.Among...

http://chronicle.augusta.com/news/business/2013-05-31/stocks-plummet-late-tradin
Stocks at one-month high; now investors watch Greece

...because of late reports about possible coordinated action by central banks.Energy stocks rose the most Friday. OPEC oil ministers agreed Thursday to keep their production target steady, a compromise meant in part to soothe economically troubled...

http://chronicle.augusta.com/news/business/2012-06-15/stocks-one-month-high-now-
Oil prices at highest mark in two years

...in Libya could be quickly absorbed by other countries such as Saudi Arabia. The official Saudi Press Agency quoted oil minister Ali Naimi as saying Saudi production capacity of 12.5 million barrels per day can help "compensate for any shortage...

http://chronicle.augusta.com/news/business/2011-02-22/oil-prices-highest-mark-tw
Business
Oil market eyes Saudi Arabia

...day before fighting forced companies to evacuate workers. Most of that production is shut down.Naimi, the Saudi oil minister, said the kingdom has about 3.5 million barrels per day of spare capacity that could be brought online.Nigeria...

http://chronicle.augusta.com/news/business/2011-03-08/oil-market-eyes-saudi-arab
Business
OPEC split over increasing oil production

...endorsing lower prices, Angolan Oil Minister Jose Maria Bothelo de Vasconselos...market needs more oil." Iraqi oil minister Abdul-Karim Elaibi differed...to push prices downward.OPEC oil ministers usually face easier choices at...

http://chronicle.augusta.com/news/business/2011-06-07/opec-split-over-increasing
Oil jumps to 9-month high above $105 in Europe as Iran cuts supply to Britain, France

...exports. They include a freeze of the country's central bank assets and an oil embargo set to begin in July.Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off exports to "hostile" European nations. The...

http://chronicle.augusta.com/news/2012-02-21/oil-jumps-9-month-high-above-105-eu
Biz bits

...meaning the daily commute is no longer happening for millions of households. OPEC is preparing to meet in Angola, with oil ministers hinting Monday that they would leave supply levels where they are rather than tightening quotas again in an attempt...

http://chronicle.augusta.com/stories/2009/12/22/bus_560387.shtml
Business
Economy Briefs

...economy potentially laid the groundwork for a big reduction when it meets again Dec. 17. Chakib Khelil, Algeria's oil minister and the group's president, said the Organization of Petroleum Exporting Countries ministers noted "with concern...

http://chronicle.augusta.com/stories/2008/11/30/bus_502119.shtml
Business
OPEC members pushing for huge production cuts

...is a house of cards." Iranian oil minister Gholam Hossein Nozari told reporters...telling reporters that the 13 OPEC oil ministers meeting today will reach "consensus...action." Both he and Iraq's oil minister said their nations might be forced...

http://chronicle.augusta.com/stories/2008/10/24/bus_480671.shtml
Business
Saudi says oil supplies may last 140 years

...barrels in reserves - enough to power the globe at current levels of consumption for 140 years. Mr. Jum'ah challenged oil ministers and petroleum executives at an OPEC conference in Vienna to step up exploration "and leave the minimum amount of oil...

http://chronicle.augusta.com/stories/2006/09/14/bus_96570.shtml
Business