Advertisement
YOU ARE HERE: LAT HomeCollectionsOil Europe
IN THE NEWS

Oil Europe

FEATURED ARTICLES
BUSINESS
September 3, 1990 | PATRICK LEE, TIMES STAFF WRITER
American motorists, fuming over high gasoline prices, can take some comfort from not living in Italy or Sweden or France. European gasoline prices, which were already over $3 a gallon in many countries due to high government taxes, have skyrocketed in the wake of the Iraqi invasion of Kuwait to as high as $4.92 a gallon in Italy, $4.85 in Sweden and $4.37 in France. To put that into perspective, a 15-gallon fill-up in Rome could cost as much as $74.
ARTICLES BY DATE
BUSINESS
October 5, 1990 | From Reuters
Starved of Soviet oil and priced out of world markets by the Persian Gulf crisis, central Europe is being racked by gasoline rationing, skyrocketing prices and widespread panic. Motorists lined up for hours at gas stations throughout Czechoslovakia today, many sleeping overnight in their cars, after the announcement that a form of rationing will begin Saturday. President Vaclav Havel was trying to arrange an emergency meeting with Soviet President Mikhail S.
Advertisement
BUSINESS
September 18, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Driven by rising prices in Europe and continued Mideast tension, the price of U.S. crude oil closed at a record-high $33.63 a barrel Monday in a bullish market that seemed destined to climb even higher this week. The price of a barrel of West Texas Intermediate for delivery in October rose by $1.87 on the New York Mercantile Exchange. The U.S. benchmark crude heavily influences the price consumers pay for gasoline and other fuels. The previous closing high, $32.35, was reached on Aug.
BUSINESS
September 18, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Driven by rising prices in Europe and continued Mideast tension, the price of U.S. crude oil closed at a record-high $33.63 a barrel Monday in a bullish market that seemed destined to climb even higher this week. The price of a barrel of West Texas Intermediate for delivery in October rose by $1.87 on the New York Mercantile Exchange. The U.S. benchmark crude heavily influences the price consumers pay for gasoline and other fuels. The previous closing high, $32.35, was reached on Aug.
BUSINESS
October 5, 1990 | From Reuters
Starved of Soviet oil and priced out of world markets by the Persian Gulf crisis, central Europe is being racked by gasoline rationing, skyrocketing prices and widespread panic. Motorists lined up for hours at gas stations throughout Czechoslovakia today, many sleeping overnight in their cars, after the announcement that a form of rationing will begin Saturday. President Vaclav Havel was trying to arrange an emergency meeting with Soviet President Mikhail S.
BUSINESS
April 19, 1989 | From Times wire services
World crude oil prices surged today after a blast on a North Sea platform shut off a quarter of the British supply. None of the 227 workers on board was hurt in the explosion, which followed a gas leak on the Shell Expro platform Cormorant Alpha about 100 nautical miles from land. But the Tuesday night incident sent crude oil in Europe a dollar higher to $20 a barrel, the highest in 20 months, extending a rally that had already moved prices up in many nations. Nearly half a million barrels of crude a day are usually pumped on a pipeline running through a damaged leg of Cormorant Alpha from several fields including part of the giant Brent reservoir.
BUSINESS
September 1, 1998 | From Bloomberg News
Royal Dutch/Shell Group said Monday that it is talking with several major oil companies, including Texaco Inc., about a European refining and fuel-sales joint venture as a way to cut costs and boost profit. Such a venture between the world's largest publicly traded oil company and Texaco, which ranks seventh, would make it easier for the companies to trim regional capacity to make gasoline, diesel and heating oil. Europe's refineries can top demand for petroleum products by 2.
NEWS
August 8, 1987 | WILLIAM J. EATON, Times Staff Writer
The Soviet Union is discussing with Iran the construction of an oil pipeline from Iran to Soviet ports on the Black Sea, a Foreign Ministry spokesman said Friday. Such a pipeline would provide a shorter alternative to the Persian Gulf sea routes for moving oil to Europe. And it would link the Soviet Union and Iran in a long-term development project. Construction of such a pipeline "is being negotiated, but nothing is decided yet," Gennady I.
NEWS
December 6, 1986 | JOHN J. GOLDMAN, Times Staff Writer
Backers of President Reagan launched a new nationwide grass-roots lobbying effort Friday to rally public support for the embattled chief executive on Iran and Nicaragua. The media campaign, in 360 congressional districts coast-to-coast, will include letters to the editors of newspapers and magazines, talk show appearances by the President's local supporters and, in all probability, paid television commercials.
BUSINESS
September 3, 1990 | PATRICK LEE, TIMES STAFF WRITER
American motorists, fuming over high gasoline prices, can take some comfort from not living in Italy or Sweden or France. European gasoline prices, which were already over $3 a gallon in many countries due to high government taxes, have skyrocketed in the wake of the Iraqi invasion of Kuwait to as high as $4.92 a gallon in Italy, $4.85 in Sweden and $4.37 in France. To put that into perspective, a 15-gallon fill-up in Rome could cost as much as $74.
BUSINESS
December 26, 1990 | From Associated Press
Belgium has brought back Mr. Energy, and Japan even asks its citizens to take smaller baths. With the Persian Gulf confrontation as a reminder, affluent nations are conserving oil once again. A decade after Europe's last oil crisis, Belgium is reviving heat limits in public buildings, designating in each a "Monsieur Energie" employee to watch the thermostat. Italy has announced measures ranging from mandatory tire pressure checks to nuclear energy research.
BUSINESS
June 23, 1988 | From Reuters
Windmills are becoming a serious alternative to coal and oil in Europe, scientists say. The amount of electricity generated by high-technology windmills will grow 30 times in Western Europe by the year 2005 as the infant windmill sector grows, said speakers at the European Community Wind Energy Conference in Denmark this month. Dr.
Los Angeles Times Articles
|