Oil markets watch as Kuwait invasion lifts crude fears
Odessa analysts project boosted drilling in West Texas as Middle East turmoil raises oil prices above 25 dollars a barrel. Traders note jitters in the Dow and gas prices rise while lenders caution on new exploration financing and a possible pause before market calm returns.
MENTIONED IN THIS ARTICLE
Otis McKelvey
Odessa
A.G. Edwards & Son Inc
Kuwait
Saddam Hussein
Permian
Bush
McKelvey
Middle East
West Texas
Charles Perry
Permian Basin Petroleum Association
Perry
Permian Basin
Hussein
America
Ike Kerridge
Baker Hughes Inc
Persian Gulf
Kerridge
Gary Warren
Dean Witter Reynolds Inc
Warren
Sherill Berryhill
A.G. Edwards
Berryhill
Federal Reserve Board
Iraq
Monte Eicher
Ike
Texaco
North Dixie Boulevard
U.S
Dwayne Walker
Eddins- Walcher Co
Walker
Iraq Kuwait border tensions surge as forces move north
Saudi Arabia reports rapid deployment northward toward Iraqi units in Kuwait while U S naval power closes in. Cheney meets Gulf leaders in Jidda to discuss defences as oil prices spike and markets fall. Baghdad warns Washington and Baghdad mobilizes as Saddam expands army divisions and evacuations are planned. Kuwait seeks overseas resistance support.
MENTIONED IN THIS ARTICLE
Kuwait
Persian Gulf
U.S
Middle East
Jiddah
Saudi Arabia
Dick Cheney
Oil Kingdom
Iraq
Ite House
Gulf States
Independence
Eisenhower
Mediterranean Sea
Gulf
Pentagon
United States
Baghdad
Saddam
Joseph Wilson
Ion
Saadi Mehdi Saleh
All Iraq
Saddam Hussein
Baath Party
Families await word on Americans in Kuwait and Saudi Arabia
Vivian Wilson in Jubail says her son Doug Wilson of Shell Oil in Saudi Arabia is safe but grounded by limited news. Donnita Cole hopes her husband John Henry Cole, drilling supervisor for OEG Drilling in Houston, remains in his Kuwait apartment after escaping amid the Kuwait crisis. Both families cling to updates as they monitor TV reports and rely on scattered local accounts for proof of safety.
MENTIONED IN THIS ARTICLE
Iraq
Saudi Arabia
Khafji
Kuwait
Udl
Riyadh
Vivian Wilson
Doug Wilson
Shell Oil Co
Marlene
Wilson
Jubail
Persian Gulf
Saudi-Kuwait
Gulf
Gdesae
John Henry Cole
Petrey
Cole
Market jitter as oil price surge spooks global stocks
Markets slip worldwide as oil costs fan recession fears. Gasoline prices rise sharply amid refinery actions. Lee Lauer of a Kansas Missouri station group blames refiners for extra profits while White House says consumer rises aren’t all necessary.
MENTIONED IN THIS ARTICLE
United States
Lee Lauer
Kansas
Missouri
Also Mentioned on This Page
Britain
Turkey
Adana
Diyarbakir
Iran
Syria
Lebanon
Gaziantep
Israel
Mosul
Traq Bv
Qatar
Uae
Ethiopia
Yemen
Early Bird Consolidated
Midland
VISA
Mastercard
Live Oak Plaza
Permian Mall
Midland Park Mall
Marlin Fitzwater
Memory Lane
Vdeo
Aed
Ay Nye
Fielir É Revivery
Brookdale
Midland & Odessa
Albertsons
8Th Street
Tinolen Pharmacy
Ft. Stockton
SE Fine Stores
Sylvan Learning Center
Midland Park
N. Midkiff
Maytas
Otter
Maytag
Ers
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