Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Brezhnev, in a policy speech before a Kremlin political gathering, said Soviet troops could be withdrawn from Afghanistan if the U.S. and other offending countries offered "guarantees" that all "external aggression" would be halted.* An even more conciliatory overture appeared to come from a meeting between Brezhnev and Occidental Petroleum Corp. Chairman Armand Hammer...
Soviet President Leonid Brezhnev is "in wonderful condition. He seemed in full of of himself, with a twinkle in his eye, a good sense of humor, but very forceful and positive." That is the report of Armand Hammer, the New York City-born, Russian-speaking chairman of Occidental Petroleum Corp., who spent nearly two hours chatting with the Soviet leader last week. Ham mer, who has met Brehznev many times, went to Moscow after learning that Occidental's phosphate sales to the U.S.S.R. might be embargoed by Washington. Said he: "I wanted to ask [the Soviets] not to retaliate...
...wobbly world of international finance and banking about to be buried under a mountain of endlessly multiplying petrodollars? Almost from the moment that oil prices first began shooting up six years ago, bankers, businessmen and government officials have been asking themselves that question. Now, with petroleum prices once again rising steeply, the issue is cropping up anew; and this time the implications are scarier than ever...
...commodity options." The New York State attorney general's office and the CFTC, in a complaint filed jointly in federal district court in Manhattan, have charged 30 companies and 37 individuals in eight states and Panama with illegally selling oil futures contracts. These commit the buyer to purchase petroleum for either delivery or resale by an agreed date. The firms-among them, International Petroleum Exchange Inc., Bartex Petroleum Corp. and Comercial Petrolera Internacional S.A.-are specifically accused of using false promotional material, failing to disclose risks and defrauding customers in at least 31 states. The ripoff: as much...
About the only encouraging prediction to emerge from the meeting was the crossed-fingers forecast of Economist David Grove that remorselessly rising petroleum prices might not bring on the worldwide financial turmoil that moneymen have been fearing. During the past year, oil-starved Third World nations such as Brazil and Korea have had to borrow billions from Western banks to pay for petroleum imports, as well as to cover even the interest on their previous debts, which already total $300 billion. Some of the largest U.S. banks are now approaching their lending limits, and bankers have started to worry about...