The U.S. energy renaissance has coincided with a boom in energy-related stocks, one that investors are starting to notice.» Read More
*BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015, blaming competition from large, more cost-effective, refineries in Asia that has piled pressure on smaller plants in Australia.
SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015 as it restructures its struggling refining and marketing business in Australia.
*Russia, West in standoff over Ukraine. *Rosneft building LNG plant with ExxonMobil. MOSCOW, April 1- Russia's Rosneft, said on Tuesday it was on track to start production at its first liquefied natural gas plant in the country's far east in 2018-2019, despite East-West tension over Ukraine.
HOUSTON, March 31- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Monday that risks related to climate change pose little risk to its oil and gas reserves because the resources will be needed to meet expected growth in energy demand.
April could be the cruelest month for stocks so far this year if warmer weather doesn't reverse a trend of weaker economic data.
The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.
Last week, Google did something it almost never does-- it wiped a town off its maps. The New York Times explains why.
Keep an eye on trading patterns Friday, as experts say that themes now dominating markets are expected to continue.
ALMATY, March 27- A consortium developing Kazakhstan's $50 billion Kashagan oilfield said the result of a probe into a toxic gas leak there was now expected in the second quarter, extending the closure of one of the world's biggest oil finds.
Stocks wavered Thursday after mixed economic reports.
*Citigroup shares slump after Fed rejects capital plan. The decline is not as steep as it was earlier this week, but the continued weakness we see in these sectors suggests that investors are becoming more cautious as money continues to leave the stock market, "said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
*Citigroup shares slump after Fed rejects capital plan. NEW YORK, March 27- U.S. stocks extended losses in late afternoon trading on Thursday, erasing S&P 500' s year-to-date gain, as banks and technology stocks led the decline.
Art Cashin of UBS Financial Services explains why investors need to watch some key support levels for the Nasdaq and S&P.
*Citigroup shares slump after Fed rejects capital plan. It's been incredibly uneven, and that is another reason why there is some hesitancy, "said Peter Kenny, chief executive officer of Clearpool Group in New York.
LONDON/ MILAN, March 27- Eni is close to mandating a bank to sell a stake of up to 15 percent in its giant gas field in Mozambique which could raise as much as $5 billion for the Italian oil and gas major, banking sources said. Eni sold 20 percent of its Mozambique offshore gas acreage to Chinese oil company CNPC last year in a deal worth around $4.2 billion.
ALMATY, March 27- A consortium developing Kazakhstan's huge Kashagan oilfield said on Thursday the results of a probe into an industrial accident there were now expected in the second quarter of 2014, and it was unclear when crude production can be restarted.
*Coast Guard stretches shipping cutoff to midnight from 6 p.m.; to resume at daylight. On Tuesday, when both inbound and outbound traffic resumed, the Coast Guard stopped movement at about 6 p.m. CDT to limit the spread of fuel oil floating in Galveston Bay.
HOUSTON, March 26- More ships were waiting on Wednesday morning to sail through the Houston Ship Channel as the cleanup of a Saturday fuel oil spill in Galveston Bay continued, the U.S. Coast Guard said.
HOUSTON, March 25- The Houston Ship Channel, a critical waterway for oil shipments, gradually reopened on Tuesday after a four-day closure that forced at least one big refiner to cut output and caused a backlog of more than 100 vessels.
NEW YORK, March 25- More than a dozen tankers carrying some 9 million barrels of crude should soon begin moving into the Port of Houston after officials began to gradually reopen a key waterway that was shut for four days.