32629 Stories, most recent news story added Fri Nov 27, 7:40 pm ET
AP - Shades of the roiling energy markets that were set off last year by the crisis on Wall Street emerged again Friday with crude seeing the largest percentage drop in prices since January.
Nov. 27 (Bloomberg) -- Crude oil tumbled to a six-week low as Dubai’s attempt to reschedule its debt prompted investors to sell commodities. Oil dipped below $73 in New York as the dollar jumped, dulling the appeal of crude as a currency hedge, and equities fell.
LONDON -(Dow Jones)- Nigeria plans to export about 2.2 million barrels a day of crude oil and condensates for January 2010, well above around 2 million barrels a day in December, partly due to a boost in output amid a recent ceasefire agreement, traders said Friday.
Nov. 27 (Bloomberg) -- Crude oil fell to its lowest level in six weeks in New York as concern over losses stemming from Dubai World’s attempt to reschedule its debt led to gains in the dollar and declines in equities.
Nov. 23 (Bloomberg) -- Crude oil rose from a one-week low on speculation demand will increase as the global economy makes a slow recovery from its worst recession since World War II.
Nov. 27 (Bloomberg) -- Crude oil traded below $76 a barrel in New York, poised for a weekly decline, as concern over losses stemming from Dubai World’s attempt to reschedule its debt led to gains in the dollar and declines in equities.
Energy prices rose Wednesday even as the amount of unused crude, gasoline and natural gas being placed into storage rose again.
NEW YORK -(Dow Jones)- U.S. crude inventories rose by less than analysts expected in the week ended Nov. 20, according to data released Wednesday by the U.S. Department of Energy. Gasoline stocks were higher than expected.
Traffic citations have been issued to the driver of a tanker truck that spilled 65 gallons of gasoline onto the Stevenson Expressway Friday afternoon, authorities said.
Nov. 27 (Bloomberg) -- South Africa will raise gasoline prices by about 3.5 percent to as much as 7.92 rand a liter next week while diesel prices will be increased as much as 3.8 percent to 7.06 rand a liter.
Nov. 22 (Bloomberg) -- The average price of regular gasoline at U.S. filling stations fell to $2.6477 a gallon on lower demand for the motor fuel and as the price of crude oil declined.
Nov. 27 (Bloomberg) -- Commodities slumped the most since June, led by a drop in crude oil and industrial metals, as Dubai’s attempt to reschedule its debt rattled investors and spurred a strengthening of the dollar.
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Nov. 26 (Bloomberg) -- Ghana National Petroleum Corp. , the state-owned oil explorer, said it had an “understanding” with Kosmos Energy LLC to buy the company’s Ghanaian assets before a deal was announced last month with Exxon Mobil Corp.
Nov. 25 (Bloomberg) -- Mexico’s peso is little changed as oil erased earlier gains, offsetting the advance of stocks in the U.S., Mexico’s biggest trading partner.
Nov. 27 (Bloomberg) -- Commodities slumped the most since July, led by a drop in crude oil and industrial metals, as Dubai’s attempt to reschedule its debt rattled investors and spurred a strengthening in the dollar.
Nov. 27 (Bloomberg) -- GDF Suez SA , owner of Europe’s biggest natural gas network, said it had a “constructive dialogue” with OAO Gazprom on the French utility joining the Nord Stream pipeline project connecting Russia and Germany via the Baltic Sea.
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Nov. 26 (Bloomberg) -- Crude oil traded near $78 a barrel in New York after rising as the dollar dropped to a 15-month low against the euro and on optimism of an economic recovery in the U.S., the world’s biggest energy consumer.
The oil market exhibited weakness once again at the crucial $80 to $80 resistance barrier resulting in a sharp turnover late last week. Here's what to look for this week.
Nov. 27 (Bloomberg) -- OAO Gazprom is seeking to reach a $3 billion agreement with Japan to supply almost one-fifth of steel pipes for a gas link in Russia’s Far East, partially replacing domestic producers, a person familiar with the plans said.
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