The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.» Read More
BP PLC fell$. 28 or. 5 percent, to $50.64. ConocoPhillips fell$. 73 or. 8 percent, to $85.19. Marathon Oil Corp. fell$. 28 or. 7 percent, to $40.23.
The Fed meets for two days, starting Tuesday, and is widely expected to taper back its monthly bond buying program by another $10 billion to $25 billion - and do little else.
BP PLC fell$. 31 or. 6 percent, to $50.61. ConocoPhillips fell$. 31 or. 4 percent, to $85.62. Exxon Mobil Corp. rose$. 76 or. 7 percent, to $103.94.
BP PLC fell$. 35 or. 7 percent, to $50.57. ConocoPhillips fell$. 46 or. 5 percent, to $85.46. Exxon Mobil Corp. fell$. 01 or percent, to $103.17.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.
BP PLC rose$. 20 or. 4 percent, to $51.39. ConocoPhillips fell$. 51 or. 6 percent, to $86.25. Exxon Mobil Corp. rose$. 03 or percent, to $104.28.
HONG KONG, July 24- Throughout his career at China's biggest oil producer, Jiang Jiemin was careful to put politics before business, say colleagues who worked closely with the purged executive.
BP PLC rose$. 22 or. 4 percent, to $51.41. ConocoPhillips rose$. 05 or. 1 percent, to $86.81. Exxon Mobil Corp. rose$. 23 or. 2 percent, to $104.48.
BP PLC fell$. 21 or. 4 percent, to $50.98. ConocoPhillips fell$. 19 or. 2 percent, to $86.57. Exxon Mobil Corp. rose$. 04 or percent, to $104.29.
SEATTLE— Nothing spilled when three tanker cars in an oil train from North Dakota derailed at a rail yard early Thursday, but it alarmed environmentalists. "This is a warning of how dangerous this could be," said Kerry McHugh, communications director for the Washington Environmental Council.
*Bourse opening follows labour, mortgage, other reforms. DUBAI, July 24- Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices.
*Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.
HOUSTON, July 23- U.S. oil and gas company Apache Corp told Reuters it is looking at ways to wring more cash out of its valuable mineral rights, as it and other energy companies face investor pressure to tap more profits from the North American shale boom.
NEW ORLEANS— The August retrial of a former BP engineer accused of obstructing justice in an investigation of the 2010 Gulf of Mexico oil spill has been postponed while an appeals court decides whether a judge was right to throw out his earlier conviction.
BP PLC rose$. 25 or. 5 percent, to $50.97. ConocoPhillips rose $1.49 or 1.8 percent, to $86.02. Exxon Mobil Corp. rose$. 46 or. 4 percent, to $103.54.
BP PLC rose$. 31 or. 6 percent, to $51.03. ConocoPhillips rose $1.24 or 1.5 percent, to $85.77. Exxon Mobil Corp. rose$. 74 or. 7 percent, to $103.82.
JUNEAU, Alaska— The companies pursuing a major liquefied natural gas project in Alaska have applied for an export license with the U.S. Department of Energy. Participants in the project include BP, ConocoPhillips, Exxon Mobil Corp., TransCanada Corp. and the Alaska Gasline Development Corp..
BRUSSELS, July 21- For all the tough talk, Europe is unlikely to punish Russia over last week's downing of an airliner over Ukraine beyond speeding up the imposition of already agreed individual sanctions when the bloc's foreign ministers meet on Tuesday.