MEXICO CITY, Oct 8- Mexican oil giant Pemex on Thursday said it had restarted a catalytic plant at its Minatitlan refinery in southeast Mexico, after fixing the plant's temperature sensor. It said there had been "no setbacks to fuel production" at the refinery, located in the eastern Gulf coast state of Veracruz. The Minatitlan refinery, whose capacity went up to...» Read More
If oil keeps dropping, will refiners go with it? Philip Weiss, Argus Research, provides perspective.
Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
In the options market, big money can be made pretty quickly. For one trader, it only took a day. Here's how he did it.
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Middle East-style oil wealth combined with a generous Nordic welfare model is slowly throttling big chunks of Norway's economy.
For a long time, the trade has been to buy oil refiners and sell big oil. Now it looks like that trade could flip.
The president wants Congress to authorize $200 million a year for 10 years for research on energy technologies.
Paolo Scaroni, CEO of ENI, promised to develop a plan of share buy back, if oil prices stay as high as where they are today, adding every time he makes a forecast on oil prices he is wrong.
Pro traders take to the techncials to explain why gasoline prices might be in for some pain.
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Tom Bergin, Author of Spills and Spin, tells CNBC that the BP pay-out to the US government is the worst case scenario according to what analysts had previously envisaged.
Crude oil had its worst day in three months, with John Kilduff, Again Capital, and :Nan Hayworth, (R) Fmr. New York Representative.
Johannes Benigni, managing director at JBC Energy, explains why the US retail gas prices climb while the NYMEX crude oil is down, saying the underlying international market price is the Brent.