-
By Phil Flynn |
November 16, 2012
Oil prices seemed to shake off worries surrounding the increasing tensions in the Gaza strip and instead decided to focus on the weak jobless claims and the looming fiscal cliff.
-
By Michael P. Regan and Rita Nazareth, Bloomberg |
November 7, 2012
U.S. stocks slid, sending the Dow Jones Industrial Average to its biggest drop in a year, oil sank and Treasuries surged the most in five months.
-
By Phil Flynn |
October 24, 2012
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day.
-
By Heather Walsh, Bloomberg |
October 18, 2012
Colombia, the fastest-growing major oil producer in Latin America in the past five years, is looking to join the global shale boom as it expands exploration in areas once dominated by guerrilla groups.
-
By Phil Flynn |
October 5, 2012
The West Coast gas market is in chaos, driving prices to record highs and causing shortages of gasoline and the closing of gas stations. Refinery fires and maintenance have conspired to reduce supplies.
-
By Joe Carroll and Jim Polson, Bloomberg |
September 12, 2012
Chesapeake Energy Corp. agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
-
By Kasia Klimasinska, Bloomberg |
August 28, 2012
Rising gasoline prices and production cuts tied to a tropical storm churning through the Gulf of Mexico have some energy analysts predicting the U.S. will announce a release from its Strategic Petroleum Reserve.
-
By Cathy Chan, Matthew Campbell and Brian Swint, Bloomberg |
August 14, 2012
BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.
-
By Ayesha Daya, Bloomberg |
August 9, 2012
Iraq’s crude output rose above 3 million barrels a day last month for the first time since the 2003 U.S.-led invasion that toppled Saddam Hussein, according to the Organization of Petroleum Exporting Countries.
-
By Joe Carroll, Bloomberg |
August 6, 2012
Slumping oil and natural-gas prices threaten to exacerbate a cash crunch at Chesapeake Energy Corp., adding to pressure on Chief Executive Officer Aubrey McClendon to sell oilfields from Texas to Ohio.
