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A pipeline has spilled at least 210,000 gallons of crude oil in central Minnesota, state officials say.
NEW YORK, Dec. 4 (UPI) -- Crude oil prices climbed above $76 per barrel overnight Friday, although concerns of increased U.S. stockpiles weighed on the market.
CALGARY, Alberta -- Skymark Research, a leading provider of small- and micro-cap independent investment research, today initiated coverage on China North East Petroleum Holdings Ltd. .
Dec. 3 (Bloomberg) -- Crude oil traded near $77 a barrel in New York as the dollar weakened, spurring investor demand for commodities as a hedge against inflation.
An upcoming retirement at Marathon Petroleum Co., effective Jan. 1, will prompt some changes in management at the company.
Dec. 4 (Bloomberg) -- Crude oil fell for a third day after a report showed service industries in the U.S. unexpectedly contracted in November, raising concern fuel demand may be slow to recover from the worst recession since World War II.
In Nov. 30 and Dec. 1 stories about the hijacking of the oil tanker Maran Centaurus, The Associated Press erroneously reported the value of the crude oil aboard.
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Dec. 3 (Bloomberg) -- Crude oil was little changed as a weaker dollar raised the appeal of commodities and a report showed service industries in the U.S. unexpectedly contracted in November, a sign that fuel demand may be slow to recover.
Federal energy officials issued a good news/bad news report for drivers and homeowners Wednesday: Petroleum supplies are stronger than expected, putting downward pressure on prices. But the main reason for it is weak demand as the economic recovery stumbles on. For heating fuels, a contributing factor was mild weather in November.
EU: Somali pirates have seized a super tanker carrying crude oil from Saudi Arabia to the US
NAIROBI, Kenya - Somali pirates seized a tanker carrying crude oil from Saudi Arabia to the United States in the increasingly dangerous waters off East Africa, an official said Monday, an attack that could pose a huge environmental or security threat to the region.
NEW YORK -(Dow Jones)- U.S. crude and gasoline inventories rose more than analysts expected in the week ended Nov. 27, according to data released Wednesday by the U.S. Department of Energy.
CAIRO (Zawya Dow Jones)--Algerian Oil Minister Chakib Khelil said Friday he doesn't see the Organization of Petroleum Exporting Countries changing its production output when it meets in Angola later this month.
Dec. 4 (Bloomberg) -- Crude oil dropped below $76 a barrel, poised for a weekly decline, after falling as a report showed service industries in the U.S. unexpectedly contracted in November, a sign fuel demand may be slow to recover.
Dec. 4 (Bloomberg) -- Crude oil dropped below $76 a barrel, poised for a weekly decline, after a report showed service industries in the U.S. unexpectedly contracted in November, a sign fuel demand may be slow to recover.
Dec. 4 (Bloomberg) -- Colonial Pipeline Co., which operates the largest pipeline linking U.S. Gulf Coast refiners and East Coast markets, will limit shipments of gasoline because orders exceed the company’s ability to deliver fuel on time.
Retail gasoline prices held firm this week in Texas.
Dec. 4 (Bloomberg) -- Canada’s dollar was little changed, erasing an earlier advance, as traders bought back the U.S. currency to cover wrong-way wagers and crude oil, Canada’s biggest export, declined.
Dec. 4 (Bloomberg) -- ConocoPhillips , the third-largest U.S. oil company, will keep its stake in OAO Lukoil as it seeks to divest $10 billion in assets over the next two years.