CALGARY, Alberta, May 21- Canadian Pacific Railway Ltd said five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars is leaking crude, the third spill for the company in two months.» Read More
Oil prices keep on soaring, so are supply and demand the real reasons crude continues its climb? CNBC asked the experts for their take.
The surge in oil prices isn't just limiting how much people drive, it’s making them worry about next winter’s heating bill, and triggering a boom in the oldest source of fuel around: firewood.
The Bush administration is trying to smooth the permitting process for oil exploration in an effort to relieve the energy burden, and Energy Department official said on CNBC.
Record-high international oil prices will keep rising until Western countries rein in their demand, Paolo Scaroni, chief executive of Italy's biggest oil and gas company Eni, was quoted as saying on Wednesday.
Oil and the U.S. dollar -- they're the talk of the town of late. The declining value of the dollar has often been cited as a major factor behind surging oil prices, which topped $143 a barrel Tuesday.
There's a good chance stocks could hold onto some of their positive tone Wednesday, and maybe even into Thursday, as traders search the rubble for bargains.
The further out oilrigs go, the more those drillers will need this company's services.
Plus, is Cramer responsible for food inflation? And coming clean on Watts Water Tech.
The Dow closed higher Tuesday after GM surprised Wall Street with stronger-than-expected June sales and financial shares reversed earlier losses. What's the "Word on the Street?"
Oil traders are jittery about a conflict between Iran and Israel and continued unrest in Nigeria but how dangerous are these threats?
Oil producing countries need to remove barriers to investment to ensure global oil markets are well supplied, but they are unlikely to do so as long as prices remain high, Exxon Mobil's CEO said Tuesday.
General Motors surprised investors with a sales decline that was much less steep than expected, and the company's shares skyrocketed higher.
Those red-blooded investors--perhaps speculators positioned to profit from oil prices going even higher and maybe spoiling for a conflict with Iran--should consider U.S. Defense Secretary Robert Gates’s comment on the consequences of a U.S. strike against Iran.
Talk about throwing a curve to the experts. June auto sales shows that some people have been too quick to jump the gun and assume certain automakers would sell, or not sell.
U.S. Treasury Secretary Henry Paulson said on Tuesday that discussions with European Central Bank chief Jean-Claude Trichet about inflation led quickly to food and oil prices, and he reiterated his respect for central bank monetary policy decisions.
European stocks fell 2.2 percent on Tuesday, ending at their lowest close since October 2005 as fears of asset writedowns returned to haunt the banking sector, while strong oil prices continued to stoke inflation concerns.
Speculation has mounted that Israel plans to attack Iran's nuclear facilities...
Daniel Dicker, president of Mercbloc, has a "radical idea" to bring down oil prices.
As uncertainty in the U.S. markets prevails, stock investors might want to take a look at the 2nd quarter performance of the winning sectors for companies that have weathered the market turmoil.
Oil is on the boil, again, this morning over renewed speculation concerning Israel’s intentions on Iran’s nuclear capabilities. Once again, we awake to a raft of comments from various officials in the protagonist countries about a possible military strike on Iran.