Oil and Gas


  • Fed & Earnings Lead on Tuesday Monday, 8 Oct 2007 | 7:49 PM ET

    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.

  • Winter Natural Gas Supply Called 'Abundant' Monday, 8 Oct 2007 | 10:22 AM ET

    U.S. utilities will have plenty of natural gas to meet consumer demand this winter, the American Gas Association said Monday.

  • Global Credit Squeeze Hits Oil Demand: IEA Monday, 8 Oct 2007 | 6:12 AM ET

    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.

  • U.S. Gasoline Prices Fell over Past Two Weeks Monday, 8 Oct 2007 | 4:27 AM ET

    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.

  • Specialists Work on Kazakh Oil Row Solution: Prodi Sunday, 7 Oct 2007 | 3:36 PM ET

    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 Is Too Attractive to Be Ignored: Oil Minister Sunday, 7 Oct 2007 | 3:10 PM ET

    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.

  • Hyundai Thinking Of You: But Will You Think Of Them? Friday, 5 Oct 2007 | 10:12 AM ET

    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%.

  • AEP Raises Growth Targets; Seeks Dividend Hike Thursday, 4 Oct 2007 | 10:28 AM ET

    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.

  • Credit Solution 'Hopes' Boosting Stocks Thursday, 4 Oct 2007 | 8:59 AM ET

    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 'Encouraged' by Venezuela Talks Wednesday, 3 Oct 2007 | 3:06 PM ET

    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 to Fund $3.5 Billion Iran Gas Deal Alone: Sources Wednesday, 3 Oct 2007 | 11:29 AM ET

    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 "Waffle" Under Jobs Pressure Wednesday, 3 Oct 2007 | 8:54 AM ET

    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.

  • Auto Sales: You'll Be Surprised On What's Selling Wednesday, 3 Oct 2007 | 8:43 AM ET
    2007 GMC Acadia

    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 to Buy Canadian CITIC Wednesday, 3 Oct 2007 | 6:33 AM ET

    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 CEO Denies Ties Aided Kurdish Deal: WSJ Wednesday, 3 Oct 2007 | 5:44 AM ET

    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 Share in Disputed Gas Block Wednesday, 3 Oct 2007 | 5:33 AM ET

    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.

  • GM Sales Rise in September, While Ford, Toyota Fall Tuesday, 2 Oct 2007 | 3:28 PM ET

    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.

  • Gazprom Says May Cut Gas to Ukraine Over Debt Tuesday, 2 Oct 2007 | 11:35 AM ET

    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 Year-End Tuesday, 2 Oct 2007 | 8:58 AM ET
    Oil Pipeline in Germany

    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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