BRASILIA, April 20- Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.» Read More
The Fed and the start of earnings season are two big focuses for stocks Tuesday, after Monday's dullish session. The Fed releases minutes of its September 18 meeting and its August 16 call at 2p ET. This time last week, traders would have been digging into those minutes to find any confirmation of their view that rates will be cut again at the Fed's October 31 meeting.
U.S. utilities will have plenty of natural gas to meet consumer demand this winter, the American Gas Association said Monday.
Oil demand is being hit by the global credit squeeze triggered by the U.S. subprime mortgage crisis, the head of the International Energy Agency told Reuters on Monday.
The average retail price for a gallon of gasoline in the United States fell 4.31 cents in the last two weeks, but is not expected to drop much more, according to an industry analyst.
Italian Prime Minister Romano Prodi, arriving in Kazakhstan on Sunday, said specialists were working on potential solutions to a dispute between Kazakh authorities and Italian oil company Eni.
Iran's oil minister on Saturday brushed aside calls by Paris for French firms to avoid Iranian energy deals, saying the world's fourth largest oil producer was too attractive for them to ignore, a news agency reported.
Quick, when I mention Hyundai, what do you think? If it's along the lines of "well made cars for the middle and entry level markets" you are not alone. In fact, this reputation for solid but inexpensive cars has the Korean automaker at a crossroads.
Spanish energy and infrastructure company Acciona and Italian power utility Enel have gained acceptances for 85.3% of the shares targeted in their tender for Endesa, bringing their combined ownership in the Spanish electricity company to more than 92%.
Utility company American Electric Power raised the upper end of its earnings growth targets through 2010 Thursday, citing expected increases in power prices and demand.
Stocks are striking a slightly positive tone as investors increasingly believe the credit crunch is being worked out. Tomorrow's jobs report for September remains a top focus. The U.S. dollar is barely changed against most currencies but slightly weaker against the euro and British pound after the European Central Bank and the Bank of England left rates unchanged this morning, as expected.
ConocoPhillips Chief Executive James Mulva said on Wednesday he was "encouraged" by talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.
Turkey will finance a $3.5 billion investment in Iranian gas production entirely from a state company of its own as U.S. opposition has put off foreign investors, Energy Ministry officials said on Wednesday.
Stocks are waffling and a lot of the talk is focused on Friday's employment report. Traders are also watching this morning's 10 a.m. release of the Institute for Supply Management's non-manufacturing index.
Sometimes those of us covering the auto business fall into the trap of believing the "conventional wisdom". Take the idea with gas prices still holding at roughly $3 a gallon, small, fuel efficient cars will be big sellers.
Kazakh oil firm KazMunaiGas E&P will pay $930 million to buy half of Canada-based Kazakh oil firm CITIC, formerly known as Nations Energy, the Kazakh firm said on Wednesday.
Hunt Oil Co Chief Executive Ray Hunt said his ties to the Bush family and the Republican Party did not help his company cut a deal last month to explore for oil in Iraq's Kurdish region, the Wall Street Journal reported on its Web site on Wednesday, citing an interview with Hunt.
Indonesia wants to boost its share of the revenues from a disputed offshore natural gas block held by U.S. oil giant Exxon Mobil, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said late Tuesday.
General Motors said U.S. sales rose nearly 4% in September, boosted by incentives on its pickup trucks, while Ford Motor and Toyota Motor posted declines.
Russia's gas export monopoly Gazprom will cut supplies to Ukraine if Kiev fails to agree repayment terms on a $1.3 billion debt for earlier deliveries, Gazprom said on Tuesday.
Oil could spike to $100 before the end of the year boosted by tight demand and supply, a weak U.S. dollar and a market structure that is a fertile ground for speculators, an energy fund manager said on Tuesday.
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