Word: oil
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...week when oil prices shot to $143 a barrel, the mood at the World Petroleum Congress in Madrid is surprisingly somber. Perhaps the oil company CEOs and OPEC ministers, gathered for the biggest conference in the industry's calendar, are feeling besieged by the relentless drumbeat of public outrage. Perhaps they have been worn down by their ongoing efforts to blame each other for spiraling prices. Or maybe they just think it in poor taste to gloat about their record profits. But even Monday's news that Iraq would open six of its oil fields to international contracts - news that...
...power to negotiate individual bargaining contracts will remain with USW and Unite, mainly because of differing national and internal laws and regulations. But Gerard says there's a host of issues common to both unions that will keep the collective leadership busy. In sectors including steel, paper and oil, for example, both unions deal with some of the same companies. The merged union will be better able to ensure that a company can't reject defined benefits in one country that it's already agreed to in the other. Other issues more suited to a global union include international trade...
...this heavy investment insulated Harvard's endowment from rocky market conditions through April, it likely aided returns for the last two months as well. The Dow Jones-AIG Index commodity prices rose another 12 percent in May and June based largely on spikes in the prices of oil and corn futures...
...proposal to bar institutional investors, firms with more than $500 million under management, from trading energy or agricultural futures—both major presidential candidates have echoed Lieberman’s criticisms of speculators in recent days as consumers have continued to feel the adverse effects of high oil and food prices...
...freeze for freeze" plan is designed to prevent further escalation of the nuclear standoff, in which three rounds of U.N. sanctions and escalating rhetorical threats that have fueled war jitters and driven up oil prices have failed to budge Iran. Iranian officials had said before the latest offer was formally presented that any proposal that required them to end uranium enrichment as a condition for talks was "out of the question." At the New York City luncheon, however, Mottaki declined three opportunities to restate that position and suggested that Iran is weighing its options...