Latest news on ‘Oil & Gas’
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Oil begins 2012 with a bang
LA Times – Oil prices soared Tuesday as tensions grew over key Persian Gulf oil shipments.
In afternoon trading benchmark crude jumped $3.80, or 3.8 percent, to $102.63 per barrel in [...] -
Oil price again flirting with $100 per barrel
NEW YORK (AP) – Oil prices climbed to near $100 per barrel Tuesday following a series of positive reports about the U.S. economy.
In midday trading benchmark crude rose 36 cents [...] -
Oil Trades Near Three-Day High; Gasoline Drops as Irene Passes
Bloomberg – Oil traded near a three-day high in New York as investors speculated that growth will recover in the U.S., spurring demand in the biggest crude consumer. Gasoline slid [...]
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Gas Fracking Poses Serious Environmental Risks
Bloomberg – Natural-gas companies risk causing serious environmental damage from hydraulic fracturing unless they commit to the best engineering practices, a task force named by Energy Secretary Steven Chu concluded.
Regulations [...] -
Oil and Gas Stocks Have Hit Bottom
Barrons – The technicals are giving a green light once again to the temporarily depressed energy stock sector.
The past month has been tough for crude oil and its related stocks. [...] -
Crude, Gasoline, Heating Oil Tumble on Economy: Oil Products
Bloomberg – Crude oil, gasoline, and heating oil fell at least 6.8 percent, with crude sinking below $100 as commodities plunged the most since 2009. The declines came after U.S. [...]
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Energy firms seen as M&A targets
LOS ANGELES (AP) — Shares in energy companies involved in oil and natural gas services fell on Monday after an analyst said the sector is ripe for continuing consolidation.
Mergers and [...] -
Oil prices drop, gas $4 or more in 6 states
NEW YORK (AP) – Oil slipped more than 2 percent Monday after Standard & Poor’s lowered its long-term outlook for U.S. debt, raising concerns about the economy and expectations of [...]
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As crude prices rise, so does anxiety about commodities and stocks
Chicago Tribune – With oil prices on the rise and consumers paying more than $4 a gallon for gasoline, attention has been fixated on when pump prices might reach $5. [...]
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Brent jumps to 2-1/2 year peak
NEW YORK (Reuters) – Brent crude jumped to a 2-1/2 year peak above $122 a barrel on Tuesday, gaining for a fourth straight day as conflict and unrest in Africa [...]
