KHURAIS OIL FIELD, Saudi Arabia – It is 111 degrees beneath a giant pipe rack here in the chalky sand desert. Full Article at Dallas Morning News Business

THE threat oil will soon reach $US140-a-barrel has intensified following the failure of producers to come up with a quick fix to the runaway price surge. The concerns helped keep the Australian dollar well above the US95 mark yesterday. Full Article at Herald Sun

LOCAL investors are facing a 90-point slide on the share market today amid mounting fears that oil will trigger further inflation, more financial sector losses will emerge and corporate earnings will be pummelled. Full Article at The Australian

A LEADING analyst has named the Australian stocks most at risk from a rise in the oil price. Goldman Sachs JBwere, which believes oil will hit $200 in a year, named 33 key stocks it thinks have substantial earnings risk heading into 2008-09. Full Article at The Mercury Voice

THE share market has opened moderately lower following a mixed lead on Wall Street overnight and crude oil prices dipped as the world's top producer, Saudi Arabia, looks set to boost production. Full Article at The Courier Mail

The slide in energy stocks followed on the heels of expectations that Saudi Arabia would boost oil production. A mixed performance on Wall St provided little direction to local investors. Full Article at The Courier Mail

The G8 weekend meeting in Japan of finance ministers from the world's richest nations was dominated by talk of rising petrol prices, which have sparked a flurry of street protests across the world. Full Article at The Daily Telegraph

Purnomo said Southeast Asia's only OPEC member no longer belonged among such exporting heavyweights as Saudi Arabia, Venezuela and Kuwait. Full Article at The Washington Post

Purnomo said Southeast Asia's only OPEC member no longer belonged among such exporting heavyweights as Saudi Arabia, Venezuela and Kuwait. Full Article at The Washington Post