Oil dips below $40 over world economic concerns (AP)

This is a  Feb. 12 , 2008, file photo of a  gas pressure gauge of a  gas pipeline from Russia is seen in a gas storage and transit point in Boyarka, just outside Kiev . Russia's state-owned natural gas company Gazprom will stop shipments to Ukraine if it doesn't pay a US$2 billion debt and agree to sharply higher payments for future deliveries by New Year's Eve, the company's chief executive said Tuesday Dec. 30, 2008. (AP Photo/Sergei Chuzavkov)AP - Resurfacing concerns over the world economy sent crude prices lower Tuesday, eclipsing fears that the conflict between Israel and Hamas could inflame tensions in the oil-rich Middle East.


Oil falls below $39 on grim economic outlook (Reuters)

A woman fills petrol into her car at a filling station in Puchheim westward of Munich in this December 12, 2008 file photo. (Michaela Rehle/Reuters)Reuters - Oil fell below $39 a barrel on Tuesday, pressured by gloom over the outlook for the world economy, which outweighed tension in the Middle East due to the Israeli-Hamas conflict.


Gazprom threatens to cut gas to Ukraine over debt (AP)

AP - Russia’s natural gas company Gazprom will stop energy shipments to Ukraine and sharply raise the price for future deliveries if it doesn’t pay a $2 billion debt by New Year’s Eve, the company’s chief executive warned Tuesday.

German inflation down to 1.1 percent in December (AP)

AP - Germany’s annual inflation rate sank to 1.1 percent in December as oil prices continued to slide, according to preliminary data released Tuesday.

World markets gain, led by higher energy stocks (AP)

Japanese visitors applaud during a ceremony to mark the end of this year's trading at the Tokyo Stock Exchange, Tuesday morning, Dec. 30, 2008. The benchmark Nikkei Stock Average rose 112.39 points, or 1.28 percent, from Monday to 8,859.56 in the half-day session. (AP Photo/Koji Sasahara)AP - Most world stock markets gained in light holiday trading on Tuesday as Middle East tensions boosted energy stocks.


E-40’s Manager Releases Statement About Shooting

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Libya orders further oil cuts of 20K bpd (AP)

AP - Libya’s oil chief says his country will cut production ? starting in January ? by almost 20,000 barrels per day more than Libya’s OPEC quota.

Oil prices slip, but hold above 40 dollars in London (AFP)

An oil platform (pictured in 2007) off the coast of Angola. Oil prices fell slightly Tuesday on profit-taking after hefty gains a day earlier as the Israeli-Hamas conflict in Gaza stoked tensions in the key oil-producing Middle East.(AFP/File/Marcel Mochet)AFP - Oil prices fell slightly Tuesday on profit-taking after hefty gains a day earlier as the Israeli-Hamas conflict in Gaza stoked tensions in the key oil-producing Middle East.


Iraq to offer 10 fields in 2nd oil licensing round (AP)

Col. Marc Ferraro, 44, commander for the Pennsylvania Army National Guard's 56th Stryker Brigade Combat Team, of Cherry Hill, N.J. is seen at Fort Dix, N.J., Thursday, Dec. 18, 2008.  The 56th Stryker Brigade Combat Team, scheduled to deploy to Iraq makes up the largest contingent from the Pennsylvania Guard to deploy to a combat zone since World War II.   (AP Photo/Matt Rourke)AP - Iraq will offer 10 undeveloped or underdeveloped gas and oil fields in its second postwar licensing round due to begin Wednesday, the country’s oil minister said.


Oil prices above 40 dollars, buoyed by Gaza violence (AFP)

Smoke billows from inside the north of the Gaza Strip after Israeli air raids on the tiny Palestinian territory. Oil prices have remained above US$40 a barrel in Asian trade as Israel entered the fourth day of its military campaign against Hamas.(AFP/Jack Guez)AFP - Oil prices remained above 40 dollars a barrel in Asian trade Tuesday as Israel entered the fourth day of its military campaign against Hamas in the Gaza Strip.


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