Oil and Gas
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While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.
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Saudi Arabia has long been the world’s preeminent oil producer and the kingdom’s royal rulers want to keep it that way. But there is another possible narrative to the kingdom’s likely future – and ours too - which is far less comforting.
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If $3.50 a gallon was the tipping point that pushed people away from big rigs, $4 appears to be the breaking point. Buyers are not just worried about fuel economy, they're wondering about the economy as a whole.
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World oil producers and consumers should work on removing sanctions and soothing Middle East security fears to boost investment in new production capacity, Iran's OPEC governor said on Friday.
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Sales of manual -- or push reel -- mowers with the cartwheeling blades are on the rise this year as gas becomes more expensive.
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For years, Southwest Airlines and JetBlue operated under self-imposed fare caps, promising travelers that no ticket would cost more than $299 one way, the New York Times reported.
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Eight-cylinder luxury cars will rumble along Jeddah's highways guzzling cheap Saudi gasoline as energy powers hold emergency talks in the Red Sea port this weekend to brake the free-wheeling rise in oil prices.
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China hiked retail gasoline and diesel prices by up to 18%, sending oil prices tumbling as Beijing moves to temper demand at the risk of stoking domestic angst over skyrocketing inflation.
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A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.
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China hiked retail gasoline and diesel prices by up to 18%, sending oil prices tumbling as Beijing moves to temper demand at the risk of stoking domestic angst over skyrocketing inflation.
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McDermott's closer than the rest. But that's not the only reason to like this stock.
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This weekend Wall Street will be eager to hear if Saudi Arabia really can curb the ever-increasing price of crude oil. What should you expect?
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The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"
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The following is an unofficial transcript of my interview last night with Larry Dickerson. Mr. Dickerson is the CEO of Diamond Offshore Drilling.
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It was a mixed day, which started poorly with a big earnings warning from HMO Coventry, as well as Burlington Northern and Smucker's, which noted higher soybean oil and wheat costs were hurting their bottom line.
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Just after the start of trading, today, it was announced that virtually all categories of transportation fuels would rise 1,000 to 1,500 Yuan per tonne. International measures of fuels are often represented in metric tonnes, as opposed to our more familiar gallons.
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Oil closed down Thursday. Find out why that could be terrible for stocks!
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We're getting a message from a lopsided majority of our readers and viewers ... it's time to open up protected areas for oil production.
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Pullbacks are GOOD things. They allow you to buy good stocks at lower prices.
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Exxon Mobil, British Petroleum, Royal Dutch Shell and Total are reportedly near a deal with the Iraqi Oil Ministry that will grant the oil giants "no-bid" contracts for access to the country’s oil fields. This will mark the first time these firms have had commercial access to Iraq since the U.S. invasion in 2003.
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According to Charles Biderman at TrimTabs, there are 2.7 m open interest crude futures contracts in the world. A futures contract is $1,000 per barrel, so the nominal cost is $135,000 ($135/bbl x $1,000).