Oil prices drop as supply fears ease after invasion
Oil futures on the New York Mercantile Exchange fell on Monday with October WTI settling at 26.41 a barrel, down from 30.91. Traders attributed the decline to eased Middle East tensions and a softer market mood as oil ministers from OPEC discussed the supply outlook.
MENTIONED IN THIS ARTICLE
Iraq
New York Mercantile Exchange
West Texas
Otis McKelvey
Odessa
A.G. Edwards & Sons
Organization of
oil patch wary of quick gains amid price crisis
Big oil producers including those in Vienna signaled readiness to boost output to cover shortfalls caused by the Iraqi invasion. In New York traders, the Permian Basin oil sector has warned that the industry is not set to reap rapid profits from the crisis. Charles Perry and Harry Spannaus of the Permian Basin Petroleum Association have argued prices must rise to sustain supply.
MENTIONED IN THIS ARTICLE
Vienna
McKelvey
New York
Permian Basin
Permian Basin Petroleum Association
Charles Perry
Harry Spannaus
OPEC nears temp agreement to boost production
In Vienna, OPEC ministers moved toward an informal understanding to allow temporary output increases by Saudi Arabia, Venezuela and others to offset Persian Gulf crisis losses. Senior delegates, speaking anonymously, said most nations agreed they would raise production regardless.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Saudi Arabia
Venezuela
Iraqi embassy staff ordered to leave U.S. amid Gulf crisis
Fifty-two Americans freed in Turkey after an ordeal linked to Iraq and Kuwait tensions. U.N. Secretary General Perez de Cuellar urged diplomacy. Iraq ordered expulsion of 36 embassy staff and travel limits for others. U.S. troops maintain logistics as talks with Iraq continue.
MENTIONED IN THIS ARTICLE
Turkey
Iraq
Kuwait
U.N
Javier Perez de Cuellar
U.S
CBS
ABC
State Department
Margaret Tutwiler
Middle East
Shing
France
United Nations
Army
Gus Pagonis
Baghdad
Ankara
Four Arrested in Odessa Meth Lab Seizure
Ector County Precinct 3 Constable Gary Duesier along with narcotics investigators from the District Attorney's Office and task forces raided a suspected methamphetamine lab at 2816 Ranchland Ave in Odessa early Monday. Four people were taken into custody and enough chemicals to produce about $200000 in meth were seized.
MENTIONED IN THIS ARTICLE
Ector County
Gary Duesier
Ector County District Attorney's Office
Joe Commander
Jerry Davis
District Attorney's Office
Permian Basin Drug Task Force
Ranchland Ave
Odessa
Texas Blues Guitarist Stevie Ray Vaughan Dies In Helicopter Crash
Grammy winning blues guitarist Stevie Ray Vaughan was killed when a helicopter carrying Vaughan and four others crashed into a hill after a concert near East Troy Wisconsin. Eric Clapton and his entourage were aboard a separate helicopter but Clapton and his party landed safely in Chicago. The Omni Flight helicopter carried Vaughan his agent Bobby Brooks his bodyguard and tour manager. The crash occurred in dense fog on Alpine Valley property, leaving bodies scattered across a ski slope area. Vaughan 35 had risen from Texas blues to fame in the 1980s earning two Grammys and multiple honors while drawing on B B King Muddy Waters and Albert King influence.
MENTIONED IN THIS ARTICLE
East Ig
Wis
Stevie Ray Vaughan
Eric Clapton
Clapton
Vaughan
Chica
Ronnie Eipon
Bobby Brooks
Creative Artists Agency
Crosby, Stills & Nash
Whoopi Goldberg
Pat Benatar
Jackson Browne
Dolly Parton
Texas
B.B. King
Muddy Waters
Albert King
Bulgaria cracks down on protesters in Sofia blaze
About 20 000 Socialists protest near their burned Sofia headquarters after an anti communist attack. Police used force if needed as 39 people were arrested and 17 injured in the dusk fire that gutted the eight floor building and looters carried off TVs and computers.
MENTIONED IN THIS ARTICLE
Sofia
Bulgaria
Socialist Party
Communist Party
Parvan Rusinov
Reform
Yes
Europe
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el G
Music World
Vaughn
Inside
FDA
Dear Abby
Iowa
Socialist
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