FRANKFORT, Ky.— Alison Lundergan Grimes is the latest Democratic Senate candidate to call for building the Keystone XL oil pipeline, but the Kentucky secretary of state's move doesn't seem to have cost her support among environmental groups who want to unseat Senate Republican Leader Mitch McConnell.» Read More
Saudi Arabia, the world's top oil exporter, will keep its crude supply steady to Europe in November but is expected to boost shipments to Asia, industry sources said on Wednesday.
Oil bounced back above $80 and brought the oil service stocks with it. Are names like Halliburton (HAL) and Schlumberger (SLB) the best way to play crude’s volatility?
Chevron said Tuesday it expects its third-quarter earnings to be significantly below the $5.4 billion it earned in the second quarter due to a sharp drop in its refining margins.
"So when I slip it into gear, is that when you start screaming?" It's a question I ask Jake the engineer with a smile on my face, just before I start this behemoth of American muscle rolling down the tracks. "Flip the lever sideways,'" he says. "Blow the horn."
U.S. consumers will pay 10 percent more to warm their homes this winter, with the seasonal cost for all heating fuels averaging $997, or $88 more, than last year, the government said Tuesday.
With oil prices falling due to warm weather in the US, energy stocks, a safe haven since the start of the credit squeeze in August, may lose some of their attraction, but economists say some companies in the sector are still likely to perform strongly.
A sprinkling of deal news, sinking oil prices and a firmer dollar are in the background as stocks edge higher Tuesday. The big news for markets though will come in the Federal Reserve's meeting minutes, set for release at 2 p.m. ET. The minutes of the September 18 meeting and the August 16 call will be released. Traders are watching for hints of what made the Fed take the aggressive step to slash the Fed funds rate by a half point, greater than the 1/4 point widely expected.
Russia's state gas monopoly Gazprom said Tuesday it had reached a deal on settling Ukraine's $1.3 billion (922 million euros) debt for gas supplies.
Investment guru Warren Buffett's Berkshire Hathaway cut its holding in PetroChina again on Sept. 21, selling $102 million worth of shares in Asia's top oil and gas producer.
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.
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