ISTANBUL, April 16- Turkey would consider allowing the South Stream pipeline, which will carry natural gas from Russia to Europe, to pass through Turkish territory if Moscow made such a request, Energy Minister Taner Yildiz said on Wednesday.» Read More
The U.S. average retail gasoline price is expected to peak at a record of over $3.40 a gallon at the start of next spring's driving season, the Energy Information Administration said Tuesday.
The two negative market trends are feeding on each other and creating double trouble for US consumers and the economy.
Some companies beat so consistently they bring better-than-expected reports to an art form.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
As long as oil stays expensive, this bull market should grow steadily over the long term.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The markets may well sit quietly ahead of the Fed's rate decision Tuesday, but after that be prepared for more rock and roll.
Senate Democrats searched for a compromise on energy legislation as Republican leaders made clear they will oppose oil industry taxes and a mandate for utilities to use more wind and solar-generated electricity.
The slightly better-than-expected increase in November non-farm jobs gave some support to stock prices, but has done little to change the debate about what the Fed will do when it meets on Tuesday. The Street has been in hot debate about whether the Fed will trim the target 4.50 percent Fed funds rate target by a quarter or a half point.
You can feel the tension building ahead of Friday's jobs data. The November employment report will be a major factor driving Friday's markets and is also possibly the most important economic headline ahead of the Fed's interest rate decision Tuesday.
Stocks closed sharply higher on hopes that a government plan to stem home foreclosures would help ease the housing slump's drag on the economy and underpin profit growth.
The House of Representatives Thursday passed an energy bill that would boost vehicle fuel economy requirements by 40 percent by 2020, raise ethanol use by five-fold by 2022 and impose $13 billion in new taxes on big oil and gas companies.
Chevron, the second-largest U.S. oil and gas company, said Thursday it expects its capital spending to rise by about 15 percent as the company works to bring several large-scale oil and gas projects online in a high-cost environment.
I paid $67.31 to fill up my car yesterday. A few disclaimers. First, the fuel red light had been on for a WHILE. The needle sat decidedly below empty, and I'm pretty sure my car was in the process of applying for a credit card so that it could get gas on its own and not wait for me to get off the dime.
Chrysler Chief Executive Robert Nardelli expects the automaker to lose $1.6 billion this year, the Wall Street Journal reported in its online edition, citing sources familiar with the matter.
Stocks are getting a bounce on ADP's jobs report, which already has some on Wall Street revising their view on the government jobs report due Friday and is adding to the debate on what the Fed will do next week. The ADP National Employment report, released this morning, showed a surprisingly strong gain in November private sector jobs of 189,000.
OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.
Russia's Gazprom, the world's largest gas producer, reported on Wednesday a worse than predicted 20 percent fall in second-quarter net profit, blaming lower sales in Europe and higher operating expenses.
Perhaps the most obvious of the long-term bull markets. But picking the right oil stock isn't so easy.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.
Hi all. This is my first post for Energy Source and like Melissa says, we hope this blog to be informative and fun. So, here I go. Questions, questions. I've been hearing a lot of questions about OPEC lately. In fact, OPEC talk has been all-consuming for the past week as oil prices have slid from over $99 a barrel to a six-week low under $89. But the bigger question many analysts and traders are asking is does OPEC really matter?
Hello and welcome to Energy Source. My colleague, Sharon Epperson and I will be blogging about the all that's energy related in this spot and we hope it will be informative and fun. We'd like to hear from you as well, so drop us an email with your thoughts and comments on anything you read here. We'll certainly post them as we go along. Here we go then.
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