Oil and Gas


  • Toxic Town Lures Industry While Residents Wheeze Wednesday, 17 Oct 2007 | 3:19 PM ET

    There is a quiet battle for the future of this industrial town, one of America's most polluted places.

  • Turkish Parliament Greenlights Iraq Incursion Wednesday, 17 Oct 2007 | 11:38 AM ET
    A Turkish soldier patrols near the Iraq border.

    Turkey's parliament resoundingly approved a motion on Wednesday allowing troops to cross into northern Iraq to crush Kurdish rebels hiding there, brushing aside appeals from the United States and the Baghdad government.

  • Oil Settles Near $88 After New Intraday High Tuesday, 16 Oct 2007 | 3:12 PM ET
    Oil Pipeline in Germany

    Oil closed at a record high, but below a new intraday peak established Tuesday, as investors watching supply concerns and tensions in northern Iraq extended the nine-dollar rally that started last week.

  • Little Oil at Risk From Turkey-Kurdish Tension Tuesday, 16 Oct 2007 | 1:21 PM ET
    A Turkish soldier patrols near the Iraq border.

    Only a fraction of global oil supply could be immediately threatened by a Turkish incursion into northern Iraq, but crude prices have surged on concern any conflict may escalate and disrupt the flow from the Middle East.

  • Oil Putting Pressure On Markets Tuesday, 16 Oct 2007 | 10:41 AM ET

    How much oil pressure can the stock market take before it blows a gasket? Oil continues to surge into record territory, closing in on $88 per barrel and ready to pump right through $90. Stocks are floundering this morning after weakness in Europe and a down day in Asia. China, though, continues to be the exception with Shanghai stocks once more in record territory.

  • OPEC Says Has Done Enough to Cool Record Oil Price Tuesday, 16 Oct 2007 | 8:39 AM ET

    OPEC has done its utmost to satisfy the world's demand for fuel and pumping even more crude will do little to halt oil's rally towards $88 a barrel, officials said on Tuesday.

  • Gazprom is ready to sell up to 50 percent of its forthcoming Italian gas distribution and marketing unit to local investors, the daily MF said without giving a source.

  • Super Fund, Oil Causing Street "Indigestion" Monday, 15 Oct 2007 | 5:08 PM ET

    A plan by major banks to lump some of their more toxic assets into a debt super fund is giving Wall Street a case of indigestion. Couple that with the sting of record oil prices, and a so-so day turned into a sea of chop.

  • Oil Settles at Record High of More Than $86 Monday, 15 Oct 2007 | 3:19 PM ET
    Oil Pipeline in Germany

    Oil zoomed to an all-time high of $86.13 a barrel, propelled by robust demand from booming commodity markets and fresh geopolitical worries.

  • Citi Comments Weigh Heavy On Financials Monday, 15 Oct 2007 | 12:48 PM ET

    Here's a look at the midday weakness: a) Citigroup comments on deteriorating consumer credit is weighing on financials. Oil at new highs helping energy but hurting transports.

  • Stocks Flat, Oil Hits High As Earnings Roll In Monday, 15 Oct 2007 | 9:01 AM ET

    Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.

  • OPEC Raises Forecast, Optimistic About U.S. Monday, 15 Oct 2007 | 8:37 AM ET

    OPEC on Monday raised its forecast for demand for its oil this winter and said it appeared more likely that top consumer the United States would avoid a steep economic slowdown.

  • Euro Stocks Ready to Pause After Rally Monday, 15 Oct 2007 | 2:24 AM ET

    European stocks were seen edging lower on Monday, after rallying for nearly three weeks, but losses could be limited as buoyant crude oil prices are expected to lend support to energy shares.

  • 'Tame' Inflation Cheers Investors, Not Consumers Friday, 12 Oct 2007 | 1:37 PM ET

    While investors cheered Friday's relatively benign report on wholesale prices in September, consumers might not find much to be happy about.

  • European Indexes Close Higher as Telecoms Surge Thursday, 11 Oct 2007 | 11:49 AM ET

    Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.

  • Wal-Mart Boosts Stocks With Earnings Surprise Thursday, 11 Oct 2007 | 9:20 AM ET

    Stocks are squarely in positive ground this morning helped by a surprise comment from Wal-Mart that its earnings will be better than expected this quarter. Chain stores report monthly sales today and expectations have been low. Macy's for instance is down 2.7%, Limited was down 4%, Chico's is down 8.3% and Nordstrom cut its third quarter forecast.

  • Stocks End Mixed Amid Earnings Uneasiness Wednesday, 10 Oct 2007 | 4:27 PM ET

    Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.

  • Stop Trading!: Costco's a Buy Wednesday, 10 Oct 2007 | 3:17 PM ET

    Don't make the same mistake some traders are making. This is not your average retailer.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.

  • Energy Secretary: Heating Oil Will Meet Winter Demand Wednesday, 10 Oct 2007 | 12:58 PM ET

    The U.S. will have plenty of heating oil supplies this winter to meet demand, but the Bush administration is concerned about the higher prices consumers will have to pay for the fuel, Energy Secretary Sam Bodman said Wednesday.

  • Valero Warns as High Oil Prices Hit Margins Wednesday, 10 Oct 2007 | 10:14 AM ET

    Oil refiner Valero Energy expects sharply lower quarterly profit due to a drop in refining, throughput and product margins, the company said on Wednesday.

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