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  • Oil Rises Towards $63, U.S. Gasoline Worries Linger Thursday, 17 May 2007 | 6:08 AM ET

    Oil climbed towards $63 a barrel on Thursday, supported by refinery closures that are cutting gasoline supplies in top consumer the United States just ahead of the summer driving season.

  • Oil Settles Over $63 as Nigeria Troubles Grow Tuesday, 15 May 2007 | 4:12 PM ET

    U.S. oil rose more than 1% Tuesday as unrest in Nigeria cut off more supplies from the world's eighth largest crude exporter.

  • Trading Africa Tuesday, 15 May 2007 | 1:08 PM ET

    Kidnappings, explosions, rigged elections – events such as these should be enough to scare off any foreign company. But several countries in Africa presents such irresistible growth opportunities, companies are willing to face very serious risks. Click here to find out which volatile nations are attracting big money.

  • Concerns Grow About Big Drop in Nigerian Oil Production Wednesday, 9 May 2007 | 9:56 AM ET

    There are increasing worries that Nigerian oil production could fall even further at the end of the month if militants succeed with threatened attacks, planned to coincide with the handover of power from President Matthew Olusegun Aremu Obasanjo to his successor on May 29, sources and traders in the energy industry said Wednesday.

  • Oil Falls Fifth Straight Day to Finish Below $62 Friday, 4 May 2007 | 4:16 PM ET

    U.S. crude oil futures fell more than a dollar as RBOB gasoline faltered after rising early, triggering profit taking in the crude oil market and the rest of the oil futures complex, according to traders and analysts.

  • U.S. crude oil futures ended lower for the fourth consecutive session, as Nigerian militants freed several hostages taken from an Italian-operated oil field.

  • Stocks Finish Higher as S&P 500 Closes Above 1,500 Thursday, 3 May 2007 | 4:21 PM ET

    The S&P 500 index closed above the 1,500 level for the first time in nearly seven years but overall gains were modest amid concern the market may be reaching a top.  "There is a lot of good news out there but we caution investors that it has been quite a while since a pullback in the stock market," said Alan Skrainka, chief market strategist at Edward Jones. "That concerns us a little bit."

  • Shell to Restart Nigerian Oil Operations Thursday, 3 May 2007 | 7:03 AM ET

    Royal Dutch Shell, Nigeria's largest foreign oil producer, said on Thursday it was preparing to restart oil operations shut for more than a year by militant attacks in the country's Delta.

  • U.S. crude oil futures ended a choppy session lower as traders booked profits. Earlier in the day, prices jumped above $66 a barrel amid a flurry of refinery glitches. A string of refinery outages in the United States, coming on the heels of a long and extensive maintenance season, has drained gasoline stocks as the giant market gears up for driving season.

  • Crude oil futures fell more than a dollar as traders took profits ahead of fresh oil inventory data due Wednesday and following Monday's sharp price rise on worries about supply disruptions in the wake of Nigeria's disputed presidential election.

  • U.S. crude jumped as much as $1.84 to $65.95 a barrel after Nigeria's elections drew condemnation from monitors and investors waited for fresh word on oil supplies from the world's eighth biggest exporter. Thousands of protesters took to the streets of Nigeria's largest northern city. Brent crude was also up sharply.

  • 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.

  • U.S. Oil Falls Over $1 as Summer Fuel Outlook Improves Thursday, 19 Apr 2007 | 1:51 PM ET

    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.

  • Oil Gains on Iran Worries, Lower U.S. Inventories Wednesday, 18 Apr 2007 | 4:57 PM ET

    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.

  • Shell to Pay $353 Million in Non-U.S. Reserves Settlement Wednesday, 11 Apr 2007 | 11:45 AM ET
    Shell

    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.

  • Shell CEO to Stay on an Extra Year Wednesday, 28 Mar 2007 | 10:44 AM ET

    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.

  • Will Exxon Make Green By Going Green? Friday, 12 Jan 2007 | 10:11 AM ET

    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.”

  • Kremlin Imposes Control On Key Energy Project Friday, 22 Dec 2006 | 1:39 PM ET

    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

  • Oil Jumps Above $63 Friday, 15 Dec 2006 | 4:28 PM ET

    Crude oil futures ended stronger above $63 a barrel on Friday as fog hampered Gulf Coast tanker traffic.

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