Latest news on ‘Oil & Gas’
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Offshore Oil Platform in the Gulf of Mexico Explodes
NEW ORLEANS — An offshore oil platform exploded in the Gulf of Mexico on Thursday morning, injuring one worker, the United States Coast Guard said.
The platform, which was owned by [...] -
Crude Oil Heads for First Monthly Slide Since May on Slowing Global Growth
Bloomberg – Oil tumbled the most in eight weeks as business activity in the U.S. expanded in August at the slowest rate this year, signaling that the economic recovery is [...]
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Oil Should Be Around $10 a Barrel: Analyst
CNBC – The price of a barrel of oil would be closer to $10 if the commodity wasn’t traded as an investment instrument, given the record-high levels of U.S. oil [...]
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NiSource – 52 Week High
Shares of NiSource, Inc. (NYSE:NI) booked a new 52 week high today by trading above $17.16, traders are definitely monitoring NiSource’s price action to see if this move attracts further [...]
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Oil prices struggle as economic data tempers gains
Oil prices continued to slip below $72 a barrel Wednesday, extending a 13 percent fall over three weeks, as poor economic indicators fueled worries about energy demand.
By early afternoon in [...] -
Oil above $74, rises from six-week low
(Reuters) – Oil climbed just above $74 a barrel on Monday from last week’s six-week low, although bulging U.S. inventories and a lack of hurricane activity in the Gulf of [...]
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Oil falls below $80 amid growth slowdown fears
AP – Oil prices fell below $80 a barrel Wednesday as signs of slowing growth in China, a cautious statement from the Federal Reserve and falling stock markets undermined expectations [...]
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BP $20 Billion Oil-Spill Compensation Fund Agreement Completed With U.S.
The U.S. completed negotiations with BP Plc to establish the $20 billion fund that will compensate victims of the Gulf of Mexico oil spill, the Justice Department said.
BP said today [...] -
BP robots slowly lowering oil cap toward Gulf leak
NEW ORLEANS (AP) – Undersea robots maneuvered a mile beneath the Gulf on Monday to delicately lower a new, tighter-fitting cap over BP’s busted well, a fix the oil giant [...]
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Natural gas heads for weekly loss; gasoline futures advance
SAN FRANCISCO (MarketWatch) – Crude-oil futures rose Friday, tracking narrow gains in U.S. stocks and buoyed by growth in wholesales inventories that met expectations.
Crude for August delivery added 69 cents [...]
