Latest Top (12) News
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Oil below $99 as US crude demand lags economy
(AP)
 AP - Oil prices hovered below $99 a barrel Thursday in Asia as U.S. crude demand lags the overall improvement in the world's biggest economy.
Thu, 09 Feb 2012 03:47:28 GMT
Repsol YPF ups Argentine shale deposit potential
(AP)
AP - Repsol YPF on Wednesday raised the estimate for potentially recoverable oil and gas in its part of Argentina's "Vaca Muerta" (Dead Cow) basin to the equivalent of nearly 23 billion barrels, indicating a total shale deposit big enough to enable Argentina to challenge the United States in non-conventional petroleum production.
Thu, 09 Feb 2012 00:02:45 GMT
BP wins exclusion of emails from oil spill trial
(Reuters)
Reuters - BP Plc won a court order keeping several potentially damaging emails out of a scheduled trial to determine responsibility for the 2010 Gulf of Mexico oil spill.
Wed, 08 Feb 2012 22:53:19 GMT
US oil and gas M&A jumps in 2011
(AP)
AP - Interest in U.S. energy companies spiked in 2011 as buyers clamored for more access to oil-rich layers of North American shale, a consulting and accounting firm said Wednesday.
Wed, 08 Feb 2012 21:03:16 GMT
Oil prices rise after US supply report
(AP)
AP - Oil prices ended slightly higher Wednesday following government reports that U.S. supplies didn't grow as much as expected last week. Here's how energy contracts traded:
Wed, 08 Feb 2012 20:49:57 GMT
US crude supplies up by 300,000 barrels last week
(AP)
AP - The nation's crude oil supplies rose last week, the government said Wednesday.
Wed, 08 Feb 2012 16:01:00 GMT
Statoil earnings surge on higher oil, gas prices
(AP)
AP - Norwegian oil company Statoil ASA on Wednesday said its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company.
Wed, 08 Feb 2012 10:09:12 GMT
Exclusive: Trafigura deals in disputed Sudanese oil
(Reuters)
Reuters - Swiss-based commodities trader Trafigura has bought oil which the South Sudanese government claims was seized by Sudan, its northern neighbor and former civil war foe, industry sources told Reuters, and is now in a legal dispute over ownership.
Wed, 08 Feb 2012 09:19:53 GMT
Michigan Lawmakers Explore Alternatives to Gas Tax Hike
(ContributorNetwork)
ContributorNetwork - Michigan's Senate Transportation Committee is hammering out a 30-bill package to address the state's extensive road and bridge repair issues. Included is a proposed gas tax hike to fund the $1.4 billion per year needed for the renovation. As the Detroit Free Press says, that portion is being pushed down the committee's agenda in favor of other measures that are less costly to taxpayers. Here are details about road work and gas tax increases in Michigan.
Tue, 07 Feb 2012 23:24:58 GMT
Oil prices rise as Iran threatens EU supply cut
(AP)
 AP - Oil prices climbed above $98 per barrel Tuesday after Iran again threatened to cut off supplies to Europe.
Tue, 07 Feb 2012 20:46:09 GMT
Exclusive: China buys up Saudi, Russian oil to squeeze Iran
(Reuters)
Reuters - China is scouring the world for alternative oil supplies to replace a fall in its imports from Iran, as it seeks to negotiate lower prices from Tehran, and has been drawing heavily on Saudi Arabia.
Tue, 07 Feb 2012 17:38:20 GMT
Average Maine heating oil price rises 1 cent
(AP)
AP - The average price for home heating oil in Maine has risen one cent from last week to $3.72 a gallon.
Tue, 07 Feb 2012 15:59:55 GMT
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