U.S. crude oil futures ended sharply higher, pushed up at the expiration of the front-month May contract and ahead of Nigeria's presidential election Saturday that has oil markets worried about post-election turmoil disrupting supply.
Oil prices dipped as rising refinery production and a key pipeline restart eased worries of a U.S. fuel supply crunch this summer driving season.
Crude oil prices firmed slightly on Wednesday as worries over Iran's nuclear ambitions countered easing fears of a gasoline supply crunch in the United States this summer driving season.
Royal Dutch Shell said on Wednesday it would pay $352.6 million, plus administrative costs, to settle claims from European and other non-U.S. investors over the restatement of its oil reserves in 2004.
Royal Dutch Shell PLC said Wednesday it will extend the contract of Chief Executive Jeroen van der Veer by a year, pushing his retirement date to June 30, 2009.
Oil prices climbed toward $61 a barrel, drawing strength from a rebound in global equities and on forecasts for a drop in gasoline inventories in the United States, the top consumer.
Exxon Mobil – the most profitable company in U.S. history and also one of the most loathed among climate change activists. But going green isn't just good for the environment – it could also be good for the oil giant’s bottom line. Chris Fox of Ceres – an organization that pushes companies on climate issues on behalf of institutional investors – and Paul Sankey, an oil analyst at Deutsche Bank, debated the issue on “Street Signs.”
Royal Dutch Shell has agreed, most say under Kremlin pressure, to relinquish control of a huge oil and natural gas project on Sakhalin Island. On Power Lunch – Sue Herera took a closer look at what's happening - and what it means to the energy sector going forward
Crude oil futures ended stronger above $63 a barrel on Friday as fog hampered Gulf Coast tanker traffic.